Reported about 23 hours ago
Reddit reported third quarter revenue of $585 million, surpassing Wall Street's expectation of $549 million, marking a 68% year-over-year increase. Daily active users rose 19% to 116 million, slightly above the anticipated 114 million, although this indicates a continued slowing in user growth. The company also provided a positive Q4 revenue forecast of $660 million, ahead of the $636 million expected by analysts, and emphasized ongoing efforts to enhance its advertising business.
Source: YAHOO