_reddit-shares-surge-11-following-strong-revenue-growth-in-first-quarterly-report-that-surpassed-estimates.jpg "Reddit Shares Surge 11% Following Strong Revenue Growth in First Quarterly Report That Surpassed Estimates from ufc live stream reddit buffstream Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 2.2M times
✓ Published: 09-May-2024
👁 View: 2.2M times
✓ Published: 09-May-2024
Description:
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_disney-park-goers-shared-some-of-the-obscene-things-theyve-seen-at-disneyland-and-there-are-some-common-themes.webp "When you go to a place like Disneyland, where tens of thousands of people go every day, you’re bound to have to deal with all sorts of crazy things from different people. You can have wonderful moments when a stranger does something nice for you, but you can also have frustrating moments with tired and angry people. And then there are the gross things you’ll see that you wish you never had to witness.<br/><br/>If you’ve spent any considerable amount of time in a theme park, or just been unlucky, you may have witnessed some pretty awful stuff. A recent Reddit thread is highlighting the grossing thing people have seen at Disneyland specifically, and while there are all sorts of terrible things, I’m noticing three recurring themes.")
_ufc-live-stream-how-to-watch-any-ufc-for-free-in-2024.webp "Free Live Sports Streams")
_ufc-st-louis-lewis-vs-nascimento-predictions-amp-betting-breakdown-124-weigh-in-recap-show.webp "MMA EXPERTS")
⏲ 47 minutes 52 seconds 👁 2.3K
_24-7-reddit-stories.webp "RedditRizzler")
_ufc-fight-night-lewis-vs-nascimento-most-confident-picks.webp "FunkyBunch MMA")
_jyothi-rai-leaked-twitter-reddit-ig-updates.webp "Jyothi Rai, a celebrated actress known for her captivating on-screen presence, primarily graces the Kannada, Tamil, and Tulu film and Serial industries.")
_tabatha-ricci-and-tecia-pennington-official-weigh-ins-ufc-fight-night-lewis-vs-nascimento.webp "ReactQ 2")
⏲ 28 seconds 👁 148
_disney-park-goers-shared-some-of-the-obscene-things-theyve-seen-at-disneyland-and-there-are-some-common-themes.jpg)
_ufc-live-stream-how-to-watch-any-ufc-for-free-in-2024.jpg)
_ufc-st-louis-lewis-vs-nascimento-predictions-amp-betting-breakdown-124-weigh-in-recap-show.jpg)
_24-7-reddit-stories.jpg)
_ufc-fight-night-lewis-vs-nascimento-most-confident-picks.jpg)
_jyothi-rai-leaked-twitter-reddit-ig-updates.jpg)
_tabatha-ricci-and-tecia-pennington-official-weigh-ins-ufc-fight-night-lewis-vs-nascimento.jpg)
![[+]](/images/menu.gif){kind=small}