Reddit ( RDDT ) stock surged after the company posted strong quarterly results and upbeat guidance. Reddit’s latest quarterly report impressed Wall Street with better-than-expected revenue and profits, fueled by strong advertising sales, AI licensing deals , and steady user growth. Despite concerns about slowing engagement, the social platform continues to strengthen its position among social media companies that are good to invest in. Key Points Revenue jumped 68% year over year to $585 million, beating expectations. Earnings per share rose to $0.80 , well above the forecast of $0.52. AI licensing and ad revenue drove growth, while daily active users reached 116 million. Reddit Beats Expectations with Strong Third-Quarter Results Shares of Reddit soared more than 10% on Friday after the company delivered a blockbuster earnings report. Revenue for the quarter ending September 30 reached $585 million, surpassing Wall Street’s estimate of $549 million and marking a...