Reddit beats on top and bottom, but logged-in user growth keeps slowing
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reported third-quarter earnings on Thursday in which the company beat on the top and bottom and provided strong guidance.
Shares were up more than 6% in after-hours trading on Thursday.
Here’s how the company did compared with LSEG estimates:
The company's sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest…
Reddit reported fourth-quarter earnings on Thursday in which the social media company beat on the top and bottom lines.
Reddit reported first-quarter earnings and revenue that exceeded Wall Street expectations.
Loop Capital sees shares of Reddit rallying 83% from their current levels.
Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement.
Reddit reported its Q2 earnings, and it’s clear that its focus on AI has ramped up significantly.
