_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 my dad is too strong 50 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: 1.7M times
✓ Published: 09-May-2024
👁 View: 1.7M 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
_the-end-of-the-world-in-long-dusty-road.webp "Sunny and Melon")
_trump39s-plans-for-barron39s-graduation-confirms-what-we-suspected.webp "Will Barron get a glimpse of his dad on graduation day? Not surprisingly, there's a lot more than Barron's big event on Donald Trump's schedule.")
_my-dad-is-too-strong-chapter-1-english.webp "Raja HT")
_92.webp "A man struggling to get on the property ladder landed spent just £15k on his first home - by building it in his parents' garage. <br/><br/>Josh Jones, 21, convinced his mum and dad to let him convert the garage attached to their four bed family home in Tunbridge Wells into a one-bed apartment.<br/><br/>Having saved up £4000, Josh decided to spend the cash transforming the space into his own home rather than putting down as a house deposit. <br/><br/>He started the build in January 2023 and took eight months to complete the work - with tips he picked up on YouTube. <br/><br/>Josh did all the work himself- completely stripping the garage roof, levelling out the floor, adding drainage, building a kitchen, installing a bathroom and a bedroom.<br/><br/>He spent £14,700 on materials, moved into his new abode in May 2024 with his girlfriend and say his parents are \")
_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.webp "Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.")
_donghuaid-my-senior-brother-too-steady-episode-36-sub-indo.webp "Donghuaid_My Senior Brother Too Steady Episode 36 Sub Indo from my dad is too strong 50")
_duolingo-reports-strong-q1-results-raises-guidance.webp "Duolingo reports quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales come in at $167.6 million which beat the analyst consensus estimate of $165.677 million.")
_steve-albini-didn39t-hold-back-in-this-letter-to-nirvana.webp "Legendary producer Steve Albini wasn't just a man of strong opinions, but also of integrity. Is his letter to Nirvana one of the best examples of this?")
_the-end-of-the-world-in-long-dusty-road.jpg)
_trump39s-plans-for-barron39s-graduation-confirms-what-we-suspected.jpg)
_my-dad-is-too-strong-chapter-1-english.jpg)
_92.jpg)
_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.jpg)
_donghuaid-my-senior-brother-too-steady-episode-36-sub-indo.jpg)
_duolingo-reports-strong-q1-results-raises-guidance.jpg)
_steve-albini-didn39t-hold-back-in-this-letter-to-nirvana.jpg)
![[+]](/images/menu.gif){kind=small}