_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 kara hindi ep 39 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: 2.5M times
✓ Published: 09-May-2024
👁 View: 2.5M 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
_kara-sevda-40-blm-full-hd.webp "Kara Sevda")
_vizag-steel-plant-ys-jagan-124oneindia-telugu.webp "ఏపీలో ఎన్నికల సందడి నెలకొంది. మరో రెండు వారాల్లో ఎన్నికలు జరగనుండటంతో రాజకీయ పార్టీలన్నీ కూడా గెలుపుపై ప్రత్యేక దృష్టిని సారించాయి. <br/> <br/>YS Jagan Mohan Reddy told them that YCP has been fighting against the privatison and it was them who had written to the PM to stop the Privatisation. <br/> <br/>#YSJagan <br/>#YSRCP <br/>#BJP <br/>#PMModi <br/>#TDP <br/>#NaraChandrababuNaidu <br/>#Janasena <br/>#PawanKalyan <br/>#VizagSteelPlant <br/>#Vishakapatnam <br/>#AndhraPradeshAssemblyElection2024 <br/>#APAssemblyElection2024 <br/>#LoksabhaElection2024 <br/>#AndhraPradesh<br/>~ED.232~PR.39~")
Vizag Steel Plant పై Ys Jagan సంచలన వ్యాఖ్యలు.. మీ భవిష్యత్ ఏంటో తేల్చుకోండి అంటూ.. |Oneindia Telugu
⏲ 2:42 👁 335K
_strawberry-smell-episode-39-hindi-dubbed-full-hd.webp "Strawberry Smell in Hindi - Çilek Kokusu")
_firefly-episode-39-urdu-dubbed-full-hd.webp "Firefly in Urdu Dubbed - Ateşböceği")
_kalank-mega-ep-39-eng-sub-hira-mani-junaid-khan-nazish-jahangir-sami-khan-1st-oct-2023.webp "HAR PAL GEO")
⏲ 39 minutes 21 seconds 👁 1.4M
_terrorists-ne-kara-attack-124-aangan-aapno-kaa-124-ep-39-124-full-episode-124-24-jan-2024.webp "Sony SAB")
⏲ 21 minutes 36 seconds 👁 12.2K
_the-girls-aloud-show-arena-tour-2024-heads-to-sheffield.webp "Chart-topping girl band Girls Aloud are back on a celebration tour including a date at Utilita Arena Sheffield on Tuesday, May 28, 2024.<br/>Tickets are now on sale at https://www.utilitaarenasheffield.co.uk/event/GirlsAloud-2024.<br/> The Girls Aloud Show, consisting of 30 shows, will be dedicated in memory of band member Sarah Harding who died, aged 39, of breast cancer, in 2021.<br/>The remaining members are set to embark on an arena tour which also marks 21 years since Cheryl, Kimberley, Nadine, Nicola and Sarah were voted the winners of Popstars: The Rivals and formed the all-conquering legendary pop band.<br/>The hugely anticipated shows will feature all of the band's historic pop hits including number one songs Sound Of The Underground, The Promise and I'll Stand By You, alongside cast-iron classics such as Love Machine, Call The Shots, Biology, Something New and 'The Show.")
_kara-sevda-39-blm-full-hd.webp "Kara Sevda")
_kara-sevda-40-blm-full-hd.jpg)
_vizag-steel-plant-ys-jagan-124oneindia-telugu.jpg)
_strawberry-smell-episode-39-hindi-dubbed-full-hd.jpg)
_firefly-episode-39-urdu-dubbed-full-hd.jpg)
_kalank-mega-ep-39-eng-sub-hira-mani-junaid-khan-nazish-jahangir-sami-khan-1st-oct-2023.jpg)
_terrorists-ne-kara-attack-124-aangan-aapno-kaa-124-ep-39-124-full-episode-124-24-jan-2024.jpg)
_the-girls-aloud-show-arena-tour-2024-heads-to-sheffield.jpg)
_kara-sevda-39-blm-full-hd.jpg)
![[+]](/images/menu.gif){kind=small}