Reported about 4 hours ago
Reddit reported a robust first quarter with revenues of $392.4 million, surpassing the expected $369.3 million, and an EBITDA of $115 million that also beat forecasts. This strong performance led to a 16% surge in Reddit's stock, reflecting confidence in its growth, despite challenges in the advertising sector. Analysts highlight Reddit's unique position in monetizing its user base effectively, offering a promising outlook for the upcoming quarter.
Source: YAHOO