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shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance.
Here’s how the company did compared with LSEG estimates:
Reddit’s sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest beat in its short history as a public company. Net income came in at $89 million in the second quarter, compared with a net loss of $10 million in the second quarter of last year due to costs associated with its IPO.
