Social media platform Reddit (RDDT) has taken off, shares soaring by over 25% in extended hours since reporting third quarter earnings on Tuesday. The site issues a strong sales forecast for its fourth quarter, while citing an advertising boost and daily active user growth in this past quarter.

The Morning Brief's Seana Smith and Brad Smith reflect on Reddit's stock growth since its IPO in March 2024 as it incorporates AI more into its platform and business model.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

And be sure to catch Yahoo Finance Executive Editor Brian Sozzi's interview with Reddit CEO Steve Huffman later this afternoon.

This post was written by Luke Carberry Mogan.