Reported about 12 hours ago
Reddit's stock plummeted by 18% in after-hours trading following a fourth quarter report that showed mixed results. Although revenue rose to $427.7 million—surpassing forecasts—diluted earnings per share fell short of expectations, and daily active users reached 101.7 million, slightly below the projected 103.8 million. CEO Steve Huffman noted traffic volatility from Google Search but expressed optimism about recovering user engagement and enhancing monetization strategies through improved signup processes and an AI-powered search tool.
Source: YAHOO