Reddit Q3 Profit Rises to $283.3 Million as Revenue Jumps 53%

Reddit, Inc. (RDDT) reported third-quarter net income of $283.264 million, or $1.40 per share, up from $162.663 million, or $0.80 per share, a year earlier, the company announced. Revenue for the period rose 53.0% to $894.957 million from $584.911 million last year, according to GAAP figures. The company guided next-quarter revenue to a range of $1.000 billion to $1.030 billion.