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Benzinga

Business

Priya Nigam

Reddit Q2 Revenue Jumps 78%—Analysts Remain Cautious Despite The Surge

Reddit United States RDDT Doug Anmuth Eric Sheridan Justin Post Laura Martin Michael Morris

Reddit on iPhone

Reddit Inc.‘s (NYSE:RDDT) recent stock surge highlights a broader trend of tech companies outperforming expectations this earnings season, driven by robust user engagement and advertising growth. This momentum sets the stage for a detailed analysis of Reddit’s financial performance and the varied reactions from industry analysts.

Shares of Reddit rallied in early trading on Friday, after the company on Thursday reported upbeat second-quarter results.

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