Reddit stock is flying in late trading after the company known for rollicking forums and "upvotes" offered some reasons for optimism about the advertising market.

Shares of the social-media company jumped Thursday afternoon, rising 19.5% after the company turned in quarterly financial results after the closing bell. Revenue, at more than $392 million, rose by more than 60% and easily outstripped the Visible Alpha consensus estimate, while net income also came in ahead of the Street’s expectations.

Reddit ( RDDT ) also turned in a bullish outlook that likely helped sooth investors concerned about the effect that uncertain U.S. trade policy and other economic worries might have on the advertising market. Snapchat parent Snap ( SNAP ) earlier this week withheld a quarter-ahead outlook and discussed cost-cutting plans while reporting its own results .

The company pointed investors toward a range of second-quarter revenue that, at its $420 million midpoint, would be well above the $394 million consensus.

“We’re not immune to the broader macro environment, but so far it's been mostly business as usual,” COO Jennifer Wong said in an interview with Bloomberg .

Reddit stock is down substantially for the year, losing more than a quarter of its value in 2025 through Thursday’s close. It finished the regular session around $119, below the Street's $152 consensus price target.

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