Reported about 13 hours ago
Reddit is set to announce its fourth quarter earnings, showcasing significant stock growth fueled by advertising revenue and AI partnerships, including deals with OpenAI and Google. Analysts project earnings per share of $0.48 and revenue of $405.5 million, driven by its successful digital advertising strategy and new AI features. Major firms have recently increased their price targets for Reddit shares, citing confidence in its continual growth through international expansion and innovative solutions.
Source: YAHOO