social media$Reddit (RDDT.US)$ Announced that the net profit for the third quarter turned from a loss to a profit of $29.9 million, compared to a net loss of $7.4 million in the same period last year, with earnings per share of 16 cents, beating market expectations. The stock price surged 22% after hours, with the price briefly exceeding $100 for the first time.

Quarterly revenue increased by 68% year-on-year to 0.348 billion US dollars, higher than the expected 0.313 billion US dollars. Its daily active users increased by 47% year-on-year to 97.2 million, exceeding the market's expected 96.5 million.

Reddit expects fourth-quarter revenue to be between 0.385 billion and 0.4 billion US dollars, higher than the market's average expectation of 0.3579 billion US dollars; adjusted profit is expected to be between 0.11 billion and 0.125 billion US dollars, compared to the expected 85.2 million US dollars.