Reddit Inc. Shares Skyrocket Following Impressive Q2 Results

In a remarkable turn of events, Reddit Inc. witnessed its shares climb by an astonishing 13.39% in after-hours trading this Thursday. This surge came on the heels of the company's second-quarter earnings report, which unveiled a 78% year-over-year revenue increase, totaling $500 million.

Exceeding Analyst Expectations

The social media platform's financial performance not only showcased its growing influence but also significantly surpassed the analysts' projections of $425 million for the quarter. By 4:16 pm ET, Reddit's shares were trading at $182.06, marking a pivotal moment for the company.