Reddit stock is flying in late trading after the company known for rollicking forums and "upvotes" offered some reasons for optimism about the advertising market.

Shares of the social-media company jumped Thursday afternoon, rising 19.5% after the company turned in quarterly financial results after the closing bell. Revenue, at more than $392 million, rose by more than 60%✤ and ꧙easily outstripped the Visible Alpha consensus estimate, while net income also came in ahead of the Street’s expectations. 

Reddit (RDDT) also turned in a bullish outlook that likely helped sooth investors concerned about the effect that uncertain U.S. trade policy and other economic worries might have on the advertising market. Snapchat parent Snap (SNAP) earlier this week withheld a quarter-ahead outlook and discussed cost-cutting plans while 澳洲幸运5官方开奖结果体彩网:reporting its own results. 

The company pointed investors 🌄toward a range of second-quarter revenue that, at its $420 million midpoint, would be well above the $394 million consensus.

“We’re not immune to the broader macro environment, but so far it's been mostly business as usual,” COO Jennifer Wong said in an interview with Bloomberg.

Reddit stock is down substantially for the year, losing more than a quarter of its value in 2025 through Thursday’s close. It finished the regular session around $119, below the Street's $152 consensus price target.