Reddit shares jump more than 10% on second-quarter sales and guidance beat
1. Reddit's Q2 earnings surpassed expectations with 45 cents EPS versus 19 cents forecast. 2. Revenue reached $500 million, growing 78% year-over-year, beating estimates by $74 million. 3. User engagement increased with 110.4 million daily active users, 21% year-over-year growth. 4. Projected Q3 revenue between $535-$545 million, higher than Wall Street's $473 million forecast. 5. AI-driven features like Reddit Answers are gaining traction, with 6 million weekly users.