Reddit's stock jumps as much as 19% after first quarter earnings report
1. Reddit's stock surged 19% post-Q1 earnings release. 2. Company reported 61% year-over-year revenue growth, reaching $392.4 million. 3. CEO emphasizes resilience amid Google algorithm changes affecting traffic. 4. Short-term traffic volatility expected due to algorithm tweaks. 5. Long-term strategy remains strong to capture search market opportunities.