The social media company Reddit, which became internationally known thanks to the meme stock hype, gave investors a look into the books after Wall Street closed.
The social network Reddit posted an increase in profits in the third fiscal quarter of 2025. Earnings per share increased from US$0.170 to US$0.80, exceeding expert estimates (US$0.525 per share).
Sales also amounted to $585 million, after Reddit had generated revenue of $348.4 million in the same period last year. Analysts’ expectations were exceeded, which had previously been at $549.1 million.
Reddit shares temporarily gained 11.92 percent to $217.59 on the NYSE premarket on Thursday.
Editorial team finanzen.net
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