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Reddit skyrockets 42% on strong earnings beat and AI-driven growth
- Reddit stock surged 42% after reporting a strong earnings beat.
- Reddit's revenue jumped 68% from a year ago, partly helped by licensing deals with OpenAI and Google.
- Analysts now expect $113 million in profits next year, up from previous estimates of $17.5 million.
- The company added over 24 million daily users in the first three quarters of the year.
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