Reddit Inc. Shares Leap on Financial Triumph

In a remarkable turn of events, Reddit Inc. witnessed its shares climb over 21% this Friday. This surge came on the heels of the company's announcement that it had not only surpassed expectations for the second quarter of fiscal 2025 but also provided robust future guidance.

From Loss to Profit: A Financial Overview

Reddit's financial health showed significant improvement, transitioning from a net loss and diluted loss per share of $10 million and $0.03 to a net income and earnings per share of $89 million and $0.45. The company's revenue experienced a 78% increase, reaching $500 million, while daily active uniques grew by 21% to 110.4 million.

Market Reaction

By 11:21 am ET, Reddit's stock price had ascended to $195.04 per share, marking a 21.45% increase from the previous day's closing.