Reddit just shocked the stock market with record profits—here’s how they did it
In a significant leap for Reddit, Inc., the social media platform reported its first-ever quarterly profit in Q3 2024, driving a surge in its stock price by 22%. With a record-breaking revenue of $348.4 million, surpassing the expected $312.8 million, and a notable earnings per share (EPS) of $0.16 against forecasts of a $0.07 loss, […]