Reports Q2 revenue $500M, consensus $425.97M. Daily Active Uniques increased 21% year-over-year to 110.4M. “Reddit (RDDT) is built for this moment. In a world where connection is increasingly rare, our communities show how valuable human conversation and knowledge really are,” said Steve Huffman, Reddit Co-Founder and CEO. “We’re focused on growing globally, scaling sustainably, and making Reddit the most trusted place on the internet.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Notable companies reporting after market close
- Reddit Inc options imply 11.2% move in share price post-earnings
- Here’s what Wall Street is saying about Reddit ahead of earnings
- Reddit price target raised to $150 from $130 at BofA
- Positive Outlook for Reddit Inc: Buy Rating with Increased Price Target Amid Strong User Growth and Revenue Projections