Reddit share price jumps 25% after Q3 results, strong revenue forecast boosted by AI deals

Reddit share price jumped more than 24% in extended trading on Tuesday after the company reported its first quarterly profit, while its fourth-quarter revenue forecast beat estimates. Reddit stock price ended 2.59% higher at $81.74 and surged 24.79% to $102 after-market hours.

The company reported a profit per share of 16 cents for the third quarter ended September 2024, compared with a loss of 13 cents in the year-ago quarter. Analysts, on average, had expected a loss of 7 cents per share.