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International Business Times UK
International Business Times UK
Business
Teddy Cambosa

Reddit Stock Rises After Wall Street Praises AI-Powered Ad Strategy: How Is Its User Base Doing?

Reddit United States

Reddit's latest earnings report has electrified Wall Street. The social media platform's shares leapt more than 14% after it unveiled a 78% year-on-year revenue surge to roughly $500 million (£378.22 million) and earnings per share of $0.45 (£0.34)—more than double analyst forecasts. This exceptional performance, powered by AI-driven advertising and strong user growth, prompted multiple analyst upgrades and renewed confidence in Reddit's long-term potential.

Stocks' Leaping Roughly'

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