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Why Is Reddit Stock Surging on Wednesday?

ResultsRead the original at Benzinga
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Reddit's third-quarter sales rose 53% to $895 million, and average revenue per user reached $6.87. Search referrals fell by more than 1 million per week on average in October, so the report points both ways.

RDDT · Reddit, Inc.

AI read · Neutral

The AI's read

The revenue and per-user figures show Reddit still earns more from its activity. But fewer referrals from search tools could make it harder to bring visitors to its site. Several firms also lowered their forecasts, reinforcing the concern. Neither side erases the other, so the business picture remains mixed.

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