04:58 PM EDT, 10/29/2024 (MT Newswires) -- Reddit ( RDDT ) reported Q3 net income late Tuesday of $0.16 per diluted share, compared with a loss of $0.13 a year earlier.

Analysts polled by Capital IQ expected a $0.06 loss.

Revenue for the quarter ended Sept. 30 rose to $348.4 million from $207.5 million a year earlier.

Analysts surveyed by Capital IQ expected $314.8 million.

For Q4, the company expects revenue of $385 million to $400 million.

The consensus is for $361.6 million.

Reddit ( RDDT ) shares were up more than 18% in after-hours activity.

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