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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.

Reddit Shares Surge 11% Following Strong Revenue Growth in First Quarterly Report That Surpassed Estimates

⏲ 0:43 👁 2.3M

TV Derana

Salena Nuwan (සැලෙනා නුවන්) | Episode 153 | 11th May 2024

⏲ 36 minutes 32 seconds 👁 19.3K

Ryley - Clash Royale

My *MAIN* Deck Has Made a Surprise Return

⏲ 17 minutes 2 seconds 👁 7K

Airbnb's net income more than doubled in the first quarter compared to the same period last year, though revenue growth was slower at 18%. Earnings per share beat analyst estimates, helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by one-time factors like the additional leap day and the shift of Easter occurring earlier. Airbnb shares fell around 7% in after-hours trading.

Airbnb's Q1 Earnings Beat Expectations, Shares Fall in After-Hours Trading

⏲ 0:29 👁 765K

HAR PAL GEO

Jaan Nisar Episode 01 - [Eng Sub] - Digitally Presented by Happilac Paints - 11th May 2024

⏲ 38 minutes 33 seconds 👁 404.1K

ARY Digital HD

Jaan e Jahan Episode 38 | Hamza Ali Abbasi | Ayeza Khan | 11 May 2024 | ARY Digital

⏲ 39 minutes 17 seconds 👁 367.3K

Death Gripsn

Death Grips - No Love (Official Video)

⏲ 3 min 41 sec ✓ 14-Feb-2014

Rampe Karapincha

උඳු වඩේ,හරියටම ඉන්දියානු ක්‍රමේට වරදින්නේ නැතිව Ulundu Vade Undu Wade Evening Snacks Medu Vada

⏲ 7 minutes 35 seconds 👁 3.4K

Hari Tv

89දී අපේ ගෙදරත් ගිනි තිබ්බා,දුප්පත් මිනිස්සුන්ට මේ සමාජය සලකන විදිය ගොඩක් වෙනස් | Hari tv

⏲ 13 minutes 43 seconds 👁 12.7K

UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.

UBS Bounces Back with Strong First-Quarter Profit, Fueled by Wealth Management Success

⏲ 0:40 👁 180K

Sadio Mane's Lifestyle, Net Worth, House, Cars ⭐ 2022

⏲ 5 minutes 23 seconds 👁 16K

EA CelebLife

Sadio Mane Lifestyle 2023| Networth, Car collection, Mansion, Fortune...

⏲ 8 minutes 32 seconds 👁 2.3K

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