** Social media firm Reddit's RDDT.N shares rise 17.8% to $139.58 in extended trading
** RDDT forecasts second-quarter revenue above Wall Street estimates, betting on growing digital advertising spend on the social media platform despite uncertainty over marketing budgets
** Co expects current-quarter revenue to be between $410 million and $430 million, vs estimates of $395.5 million- LSEG.
** It expects adjusted EBITDA of $110 million to $130 million in Q2, above estimates of $105.3 million
** Q2 revenue grew 61% to $392.4 million vs estimates of $370 million
** RDDT down ~27.3% YTD
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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