RDDT stock is moving. Watch the price action here.
Reddit Q2 Details Reddit reported quarterly earnings of $1.25 per share, which beat the consensus estimate of 95 cents by 31.58%, according to Benzinga Pro data. Quarterly revenue came in at $804.91 million, which beat the Street estimate of $730.26 million and was up from $499.6 million in the same period last year.Reddit reported the following second-quarter metrics:
Daily Active Uniques (DAUq) increased 18% year-over-year to 130.3 million
Weekly Active Uniques (WAUq) increased 24% year-over-year to 514.6 million, crossing half a billion
Gross margin was 91.3%, as compared to 90.8% in the prior year, up 50 bps year-over-year
