Reddit Inc. has seen a surge in its stock price after announcing that it expects to exceed analyst revenue estimates for the current quarter. The company’s second-quarter sales are expected to be between $410 million and $430 million, outperforming average analyst projections of $392.9 million. This positive news suggests that despite economic concerns, the digital advertising industry remains robust.
Source: https://www.bloomberg.com/news/articles/2025-05-01/reddit-surges-after-posting-revenue-beating-analyst-estimates