Reddit 's stock popped more than 18% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth. The social media platform's revenues surged 68% from a year ago to $585 million, beating an LSEG estimate of $546 million. Earnings per share totaled 80 cents, surpassing an estimate of 51 cents. Reddit also released a better-than-expected sales outlook for the fourth quarter. The company projects between $655 million and $665 million, topping the $638 million

Tag-uri: Advertising