_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 bristi pre 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: 2.1M times
✓ Published: 09-May-2024
👁 View: 2.1M 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
_bristi-pore-tapur-tupur-124-124-dance-124-by-gn-124124.webp "Ghumur Nrityalaya - ঘুঙুর নৃত্যালয়")
_nsw-government-delivers-on-pre-election-promise-and-opens-the-first-multicultural-centre-for-women-and-family-safety.webp "The NSW government has just delivered on a pre-election promise- and opened a new centre for domestic violence support in one of Sydney’s most diverse areas.")
_brishti-pore-taposh-feat-bappa-mazumder-omz-wind-of-change-s01.webp "Gaan Bangla TV")
⏲ 6 minutes 53 seconds 👁 275.1K
_bristi-bristi.webp "Dippradhan")
_rainy-day-relaxing-piano-music-with-soft-rain-sounds-124-sleep-study-relax.webp "Soothing Relaxation")
⏲ 3 hours 5 minutes 56 seconds 👁 9.5M
_sandeshkhali-ed-raid-abp-ananda-live.webp "ABP ANANDA")
⏲ 25 minutes 46 seconds 👁 3.8K
_american-soldier-arrested-in-russia-on-theft-charges-as-arrests-of-americans-in-russia-reach-levels-similar-to-cold-war.webp "US soldier Gordon Black was arrested in Russia last week on theft charges in the far eastern city of Vladivostok. Black is a Staff Sgt. stationed in South Korea who was traveling home to the US and stopped in Russia to meet a woman he was dating. A Russian court confirmed Black will be held in pre-trial detention until July 2nd to prevent him from evading charges. Black is accused of \")
_zeebangla.webp "Joya's creation 🥰")
⏲ 1 minute 40 seconds 👁 2.6K
_bristi-pore-tapur-tupur-124-124-dance-124-by-gn-124124.jpg)
_nsw-government-delivers-on-pre-election-promise-and-opens-the-first-multicultural-centre-for-women-and-family-safety.jpg)
_brishti-pore-taposh-feat-bappa-mazumder-omz-wind-of-change-s01.jpg)
_bristi-bristi.jpg)
_rainy-day-relaxing-piano-music-with-soft-rain-sounds-124-sleep-study-relax.jpg)
_sandeshkhali-ed-raid-abp-ananda-live.jpg)
_american-soldier-arrested-in-russia-on-theft-charges-as-arrests-of-americans-in-russia-reach-levels-similar-to-cold-war.jpg)
_zeebangla.jpg)
![[+]](/images/menu.gif){kind=small}