_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 index stock market today 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: 2.4M times
✓ Published: 09-May-2024
👁 View: 2.4M 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
_stock-market-crash-stock-market-is-setting-up-for-a-possible-cpi-amp-ppi-inflation-selloff-next-week.webp "Ron Walker")
⏲ 26 minutes 4 seconds 👁 4K
_rugpull-monday-do-not-miss-this-124-spy-qqq-btc-stock-market-today.webp "Option Drops")
_lady-ceo-is-return-ep-1-3.webp "Lady CEO Is Return ep 1-3")
_no-way-it-can39t-be-this-easy.webp "Stocks Today")
_the-moon-is-cooler-than-you-think-and-here39s-the-proof.webp "Scientists have discovered a lot about what's inside the Moon, and it's pretty fascinating. Beneath its dusty surface lies a solid inner core, surrounded by a liquid outer core, just like Earth. But here's where it gets interesting: unlike our planet, the Moon doesn't have a magnetic field to protect it from solar radiation, which explains why it's so barren and lifeless. Another cool fact is that the Moon is slowly drifting away from Earth at a rate of about 3.8 centimeters per year. And get this: there are over 400,000 pounds of human-made trash left behind on the Moon from various missions! And did you know that the Moon is about 4.5 billion years old? Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_retire-selling-options-on-spy.webp "Investing with Ashley")
_detroit-lions-just-gave-clarity-on-important-rookies.webp "Sports Talk Detroit")
_scientists-discovered-unknown-prehistoric-world-on-earth.webp "You won't believe what scientists just stumbled upon—a hidden prehistoric world right here on Earth! Imagine uncovering ancient creatures and landscapes straight out of a blockbuster movie. These discoveries are rewriting history books and giving us a glimpse into a time long before humans roamed the planet. It's like stepping into a time machine and witnessing Earth's incredible evolution firsthand. Who knows what other secrets this mysterious world might hold? Stay tuned as researchers delve deeper into this fascinating journey through time!#brightside <br/><br/>Animation is created by Bright Side. <br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/ <br/><br/>Listen to Bright Side on: <br/>Spotify - https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/>Apple Podcast - https://podcasts.apple.com/podcast/idhttps-podcasts-apple-com-podcast-bright-side/id1554898078<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook - https://www.facebook.com/brightside/<br/>Instagram - https://www.instagram.com/brightside.official/<br/>Tik Tok - https://www.tiktok.com/@brightside.official?lang=en<br/>Snapchat - https://www.snapchat.com/p/c6a1e38a-bff1-4a40-9731-2c8234ccb19f/1866144599336960<br/><br/>Stock materials (photos, footages and other):<br/> https://www.depositphotos.com <br/>https://www.shutterstock.com <br/>https://www.eastnews.ru <br/>----------------------------------------------------------------------------------------<br/>For more videos and articles visit: http://www.brightside.me")
_stock-market-crash-stock-market-is-setting-up-for-a-possible-cpi-amp-ppi-inflation-selloff-next-week.jpg)
_rugpull-monday-do-not-miss-this-124-spy-qqq-btc-stock-market-today.jpg)
_lady-ceo-is-return-ep-1-3.jpg)
_no-way-it-can39t-be-this-easy.jpg)
_the-moon-is-cooler-than-you-think-and-here39s-the-proof.jpg)
_retire-selling-options-on-spy.jpg)
_detroit-lions-just-gave-clarity-on-important-rookies.jpg)
_scientists-discovered-unknown-prehistoric-world-on-earth.jpg)
![[+]](/images/menu.gif){kind=small}