Reddit Stock Gains 12% as AI Advertising Fuels Earnings Beat

TLDR Reddit stock jumped about 12% in premarket trading after the company reported strong first-quarter earnings. The company posted adjusted earnings of $1.01 per share, which exceeded analyst expectations of $0.57 per share. Revenue reached $663 million and came in above estimates of $608 million, according to FactSet data. Advertising revenue increased 74% year over [...]

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