Reddit’s stock spiked as much as 19% in after-hours trading following a better-than-expected Q1 earnings report. Revenue hit $392.4 million—up 61% year-over-year, marking the third straight quarter of 60%+ growth.
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Despite recent volatility from Google’s algorithm changes, CEO Steve Huffman remains confident in Reddit’s long-term strategy. He acknowledged short-term bumps but emphasized that Reddit’s authentic, community-driven content sets it apart from AI-generated search results.
“Reddit has thrived through major shifts—smartphones, COVID—because people always need real connection and unfiltered discussion,” Huffman said. The stock settled at a 7% gain by market close.
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