Reddit Inc. shares jumped after the company reported its most profitable quarter to date and projected third-quarter sales that far surpassed analyst expectations, signaling the strength of its

Reddit stock climbed 15% Friday after it revealed its second-quarter results, with revenue up 78% year-over-year to about $500 million and EPS hitting $0.45, far surpassing Wall Street expectations. Most Wall Street analysts were impressed by the company’s ad business,

You can’t have artificial intelligence without actual intelligence,' the social media boss said during a Q2 earnings call this week. Investors seem to agree.

Reddit is going to be leaning even harder into search in the coming months as Steve Huffman wants the site to become a "go-to search engine."

Analysts are raising their Reddit price targets and reiterating their buy ratings after the social-media platform’s better-than-expected second-quarter results.