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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 👁 1.7M

Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.

Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19%

⏲ 0:37 👁 1.2M

Donghuaid_My Senior Brother Too Steady Episode 36 Sub Indo from my dad is too strong 50

Donghuaid_My Senior Brother Too Steady Episode 36 Sub Indo

⏲ 21:17 👁 6.1M

Duolingo reports quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales come in at $167.6 million which beat the analyst consensus estimate of $165.677 million.

Duolingo Reports Strong Q1 Results, Raises Guidance

⏲ 0:59 👁 1.3M

Legendary producer Steve Albini wasn't just a man of strong opinions, but also of integrity. Is his letter to Nirvana one of the best examples of this?

Steve Albini Didn't Hold Back In This Letter To Nirvana

⏲ 4:16 👁 1M

The Boy Scouts of America, an organization with a 114-year history, is changing its name to Scouting America in an effort to be more inclusive. This move comes after the organization faced numerous sexual abuse claims and aims to focus on inclusivity moving forward. The announcement was made at the annual meeting in Florida, with the president and CEO expressing the organization's goal to make any youth in America feel welcome in their programs. The name change is seen as a way to break down traditional gender barriers and encourage more girls to realize they can join the scouting programs. The name change to Scouting America signifies a new chapter for the organization. By embracing inclusivity and encouraging all youth in America to join their programs, Scouting America aims to build a stronger, more diverse community of scouts. Stay informed on everything happening in the news and more, on Fan Reviews News.

Scouting America: Boy Scouts of America Announces Name Change in Pursuit of Inclusivity

⏲ 0:55 👁 72.4M

The Tasmanian Aboriginal Centre has expressed outrage after ancestral remains were delivered to its office in brown paper bags. The incident has also drawn a strong reaction from the government, which stated it is \

Tasmanian Aboriginal community outraged as remains of ancestors returned without warning in brown paper bags

⏲ 2:5 👁 9.5M

A social housing worker is touring and reviewing London's most rundown housing estates - posting TikTok reviews about their hidden histories.<br/><br/>Noris Obijaku, 24, studied engineering at Coventry University and is interested in building designs.<br/><br/>Noris has started a series where he reviews estates in the London area - many which are now rundown, but were once dubbed \

Social housing worker touring London's \

⏲ 2:55 👁 6M

In this adorable video shared by Rosa, we get a glimpse of holiday hilarity as her daughter experiences the ultimate struggle between sleep and a sweet treat. <br/><br/>\

'When the Ice Cream is just TOO GOOD!' - Sleepy toddler refuses to let go of ice cream

⏲ 0:35 👁 4M

We have some unfortunate news to share about the popular music festival, \

High Winds Force Cancellation of Iconic Vegas Strip Music Festival

⏲ 0:58 👁 87.7M

At a House Armed Services Committee hearing last week, Rep. Dale Strong (R-AL) questioned Sec. Lloyd Austin about missile defense. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

'Was This Just A Budget Decision?': GOP Lawmaker Questions Lloyd Austin On Cuts To Missile Purchases

⏲ 3:27 👁 3.9M

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

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