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Reddit Stock Soars on Q3 Earnings Beat, Wall Street Bullish

Reddit Stock Soars on Q3 Earnings Beat, Wall Street Bullish

Author:

Global Cryptocurrency

Published:

2025-10-31 12:10:03

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BTCCSquare news:

Reddit (RDDT) shares surged over 11% to $216.20 in early trading Friday after the social media platform reported third-quarter revenue of $585 million, a 68% year-over-year increase that handily beat analyst estimates. Daily active users grew 19% to 116 million, fueling Optimism about the company's advertising potential.

Jefferies analyst John Colantuoni maintained his $300 price target, citing 'scary good growth' and emphasizing Reddit's ability to capture advertiser spending. The bullish sentiment follows a volatile week for the stock, which had dropped nearly 8% in the previous session before the earnings rebound.

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