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Reddit Rises 11.8% Pre-Market After Being Added to S&P 500 Index

On August 14, Reddit (RDDT.US) saw a pre-market increase of 11.8%, reaching $176.8. This surge follows the announcement by S&P Dow Jones Indices that Reddit will be added to the S&P 500 Index next week through a non-routine adjustment. Reddit's previously released financial report indicated that it has achieved over 60% revenue growth for the eighth consecutive quarter, with second-quarter revenue increasing by 61% year-over-year to $805 million, and net profit attributable to shareholders rising by 183% year-over-year to $253 million, showcasing strong overall financial performance.

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