_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 ma rang sarbatoka tu meta gat ka pane 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: 2.7M times
✓ Published: 09-May-2024
👁 View: 2.7M 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
_connect-directly-to-the-local-news-you-value-most.webp "Before Meta blocks news in your feed, here's how you can support journalism")
_main-rang-sharbaton-ka-phata-poster-nikhla-hero-i-shahidileana-124-atif-aslam-amp-chinmayi-124-pritam.webp "Tips Official")
⏲ 2 minutes 26 seconds 👁 46.6M
_main-rang-sharbaton-ka-124-arijit-singh-124-phata-poster-nikhla-hero-124-2013.webp "Gaane Filmi")
⏲ 4 minutes 31 seconds 👁 45.2M
_main-rang-sharbaton-ka-lyrics-with-english-translation-atif-aslam-amp-chinmayi-sripada.webp "Vahopic")
⏲ 4 minutes 24 seconds 👁 1.5M
_main-rang-sharbaton-ka-lyrical-124-phata-poster-nikhla-hero-124-shahid-ileana-atif-aslam-124-pritam.webp "Tips Official")
⏲ 2 minutes 13 seconds 👁 8.2M
_marvel39s-newest-hd-movie-trailers-revealed.webp "Marvel's Newest HD Movie Trailers Revealed ,iron man attitude status,ironman attitude status,tony stark attitude status,iron man,ironman status,iron man attitude status brown rang,billionaire attitude status,iron man attitude status 4k,iron man status,iron man edit status,iron man whatsapp status,tony stark attitude status brown rang,iron man edit,attitude status,iron man attitude,boys attitude status,avengers attitude status,status,ironman edit status,iron man edits status <br/><br/><br/><br/>#ironmanattitudestatus #ironmanattitudestatus #tonystarkattitudestatus #ironman #ironmanstatus #billionaireattitudestatus<br/><br/><br/><br/><br/><br/>Please follow my channel.<br/>")
_main-rang-sharbaton-ka-sunday-morning-penn-masala.webp "Penn Masala")
_connect-directly-to-the-local-news-you-value-most.jpg)
_main-rang-sharbaton-ka-phata-poster-nikhla-hero-i-shahidileana-124-atif-aslam-amp-chinmayi-124-pritam.jpg)
_main-rang-sharbaton-ka-124-arijit-singh-124-phata-poster-nikhla-hero-124-2013.jpg)
_main-rang-sharbaton-ka-lyrics-with-english-translation-atif-aslam-amp-chinmayi-sripada.jpg)
_main-rang-sharbaton-ka-lyrical-124-phata-poster-nikhla-hero-124-shahid-ileana-atif-aslam-124-pritam.jpg)
_marvel39s-newest-hd-movie-trailers-revealed.jpg)
_main-rang-sharbaton-ka-sunday-morning-penn-masala.jpg)
![[+]](/images/menu.gif){kind=small}