Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - October 29

Reddit shares soar after company turns first-ever profit

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...

World - The Guardian - October 30

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - October 30

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

Reddit has turned a profit for the first time as a public company

Tech - ABC News - October 30

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - October 30

Reddit’s Sees First-Ever Profit as Explosive User Growth and AI Tools Help it Soar

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - October 30

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - October 29

Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway

Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.

Business - The New York Times - October 23

Disney is turning record parks profits — even before its big expansions

Disney is breaking ground on new additions and updates to its theme parks, but it will be several years before they become available to the public.

Business - CNBC - 5 days ago

Reddit has sold most of its cryptocurrency portfolio

Reddit’s proceeds from the crypto sale were $6.9 million during the quarter, according to a filing.

Business - MarketWatch - October 30

Nvidia’s Profit Doubles as A.I. Chip Sales Soar

The company, which dominates the market for chips used to build artificial intelligence, expects another big jump in the current quarter.

Tech - The New York Times - 16 hours ago

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

Business - The New York Times - November 4

Toast’s stock soars after company swings to profit and revenue beats estimates

Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.

Business - MarketWatch - November 8

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - October 24

Vistry shares plunge as cost overruns hit profits

UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costs

Business - Financial Times - November 8

Trump Win Sends Trump Media and Tesla Shares Soaring

Companies linked to the president and his prominent supporter Elon Musk shot up after the election, as did U.S.-focused small cap shares.

Business - Inc. - November 6

Lyft shares soar 20% on results and autonomous-vehicle partnership

Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...

Business - MarketWatch - November 7

The Papers: 'Markets turn on Reeves' and 'soaring cost of sickness claims'

Investors' reactions to the Budget and forecasts for the cost of sickness benefits lead the papers.

Dodgers' Graterol (shoulder) to sit first half of '25

Dodgers right-handed reliever Brusdar Graterol will miss the first half of next season after having surgery to repair the labrum in his right shoulder.

Sports - ESPN - 5 days ago

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - October 30

Here Is the Missing Context in Ta-Nehisi Coates’s ‘The Message’

Israel and its foes share one thing in common.

Top stories - The New York Times - October 24

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - October 29

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Shell to buy back $3.5bn of shares as profits beat expectations

Gas division is biggest contributor to earnings as liquefied natural gas production rises

Business - Financial Times - October 31

Spotify shares pop on better-than-expected profit forecast

Shares of Spotify rose in after-hours trading as investors focused on the company's profit forecast more than its third-quarter results.

Business - CNBC - November 12

Mali’s junta escalates fight with mining groups over profit share

Resolute Mining chief and colleagues held as junta want greater share of gold producers’ profits

Business - Financial Times - November 13

Sage shares surge 19% as UK software group launches buyback

Financial software provider announces plan for £400mn share buyback and raises dividend

World - Financial Times - Yesterday

The Latin Grammys will turn 25 in Miami. Here's who is up for a trophy.

Some of the biggest stars in Latin music will gather Thursday for the 25th anniversary of the Grammys in Miami — a hub of Latin American culture and the headquarters of the Latin Recording Academy.

The Latin Grammys turn 25 this year. Here's how to watch

The 25th-anniversary Latin Grammy Awards airs Thursday. Here are highlights of the nominees, celebrations and where to see the awards show.

Entertainment - Los Angeles Times - November 12

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.

Business - MarketWatch - 6 days ago

College basketball rankings: Gonzaga moves up, Auburn soars to No. 5 in AP Top 25 poll after opening week

The Tigers jumped six spots and the Bulldogs moved up to No. 4 in this week's AP Top 25

Sports - CBS Sports - November 11

Tomorrow's Top 25 Today: Kentucky soars into top 10 of college basketball rankings after big win vs. Duke

Expect some changes in the AP Top 25 college basketball poll when it is released Monday

Sports - CBS Sports - 3 days ago

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