Reddit Stock Extends Recovery Thanks To Surprise Q2 Report

Shares of Reddit Inc (NYSE:RDDT) have surged this morning, after the social media platform posted adjusted second quarter earnings of $0.45, easily ahead of the $0.19 that was expected. The company cited its artificial intelligence (AI)-powered search feature, Reddit Answers, the new brand insights tool, Reddit Insights, and a growing use base as the key drivers behind the earnings beat.At last glance, RDDT is up 15.06% to trade at $184.78, on track for its best single-session gain since April 9. Out of the ...