Tag: $Reddit

Reddit reported third-quarter results that topped analyst estimates, but shares sank sharply after the social media company issued a weaker-than-expected revenue outlook and warned of accelerating declines in search referral traffic.

Reddit shares rose 11% in extended trading on Thursday on the social media company’s inclusion in the S&P 500.

Reddit reported second-quarter earnings on Thursday that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.

Reddit shares are on the rise in late trading Tuesday after the newly public social media site posted better-than-expected results for the March quarter.

Reddit aims to raise up to $748 million as part of its upcoming IPO, according to a corporate filing on Monday.