_reddit-shares-surge-11-following-strong-revenue-growth-in-first-quarterly-report-that-surpassed-estimates.jpg "Reddit Shares Surge 11% Following Strong Revenue Growth in First Quarterly Report That Surpassed Estimates from net mohan with indian idol angela Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 2.3M times
✓ Published: 09-May-2024
👁 View: 2.3M times
✓ Published: 09-May-2024
Description:
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_neeti-mohan-join-magical-performance-124-indian-idol-junior-124-guests-performance.webp "SET India")
⏲ 9 minutes 29 seconds 👁 9.8K
_trio-9234jiya-re9234-notes-perfectly-match-124-indian-idol-junior-124-performance.webp "SET India")
⏲ 4 minutes 57 seconds 👁 31.1K
_kl-rahul-vs-lsg-owner-public-chat-update-indian-cricketer-mohammed-shami-reaction-124-boldsky.webp "लखनऊ सुपर जायंट्स के मालिक संजीव गोयनका और कप्तान केएल राहुल के बीच मैदान पर हुई बातचीत पर मोहम्मद शमी ने खुलकर बयान दिया है। शमी ने अपने साथी का सपोर्ट करते हुए कहा कि जो गोयनका ने किया वह सही नहीं था। दोनों ही सम्मानित हैं और उन्होंने केएल राहुल को डांटकर कोई लाल किले पर झंडा नहीं गाड़ दिया। <br/> <br/>Mohammed Shami has given an open statement on the on-field conversation between Lucknow Super Giants owner Sanjeev Goenka and captain KL Rahul. Shami supported his partner and said that what Goenka did was not right. Both are respected and they did not hoist the flag on the Red Fort by scolding KL Rahul. <br/> <br/>#KLRahulVsSanjeevGoenka #MohammedShami #KLRahulSanjeevGoenkaVideo<br/>~HT.318~PR.114~ED.120~")
⏲ 3:12 👁 3.1M
_9234ae-kash-ke-hum9234-kumar-sanu-stage-124-indian-idol-season-10-124-full-episode.webp "SET India")
⏲ 48 minutes 57 seconds 👁 1.5K
_the-great-indian-kapil-show-4th-may-2024-ep-6.webp "The Great Indian Kapil Show 4th May 2024 - EP 6")
_menuka-hussain-introduction-124-indian-idol-14-124-best-moments-with-hussain.webp "SET India")
⏲ 17 minutes 12 seconds 👁 166.2K
_indian-idol-s14-124-menuka39s-performance-124-tere-bina-zindagi-se.webp "SET India")
_the-great-indian-kapil-show-s1-ep-6.webp "The Great Indian Kapil Show S1 EP 6")
_neeti-mohan-join-magical-performance-124-indian-idol-junior-124-guests-performance.jpg)
_trio-9234jiya-re9234-notes-perfectly-match-124-indian-idol-junior-124-performance.jpg)
_kl-rahul-vs-lsg-owner-public-chat-update-indian-cricketer-mohammed-shami-reaction-124-boldsky.jpg)
_9234ae-kash-ke-hum9234-kumar-sanu-stage-124-indian-idol-season-10-124-full-episode.jpg)
_the-great-indian-kapil-show-4th-may-2024-ep-6.jpg)
_menuka-hussain-introduction-124-indian-idol-14-124-best-moments-with-hussain.jpg)
_indian-idol-s14-124-menuka39s-performance-124-tere-bina-zindagi-se.jpg)
_the-great-indian-kapil-show-s1-ep-6.jpg)
![[+]](/images/menu.gif){kind=small}