_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
_pakistani-medical-college-student-recreates-anant-radhika-ambani-pre-weddingfunny-video-viral.webp "दुनिया के सबसे अमीर बिजनसमैन में शामिल मुकेश अंबानी के बेटे अनंत अंबानी और राधिका मर्चेंट इस साल जुलाई में शादी के बंधन में बंध जाएंगे। इससे पहले गुजरात के जामनगर में इस कपल का प्री-वेडिंग समारोह आयोजित हुआ था। तीन दिन तक चलने वाले इस ग्रांड फंक्शन में दुनियाभर के हर क्षेत्र के कई दिग्गज हस्तियां पहुंची थीं। <br/> <br/>Anant Ambani, son of Mukesh Ambani, one of the world's richest businessmen, and Radhika Merchant will tie the knot in July this year. Earlier, the pre-wedding ceremony of this couple was organized in Jamnagar, Gujarat. Many eminent personalities from every field of the world had attended this grand function which lasted for three days. <br/> <br/>#AnantAmbamiPreWedding, #PakistaniStudentRecreatesAnantRadhikaPreWedding, #PakistaniCollegeRecreatesAnantAmbaniPreWedding, #PakistaniFunnyVideoViral<br/>~PR.266~HT.318~ED.284~")
⏲ 3:17 👁 3M
_124-bangla-movie-song-124-riaz-124-moushumi-124-ferdous-124-channel-i-movies.webp "Channel i Movies")
⏲ 4 minutes 41 seconds 👁 1.9M
_bristi-pare-tapur-tupur-hemlata-amp-suresh-wadkar-paheli-1977.webp "Hemlata Hits")
_brishti-porey-bappa-mazumder-alive-experience-23-sep-2022.webp "Bappa Mazumder")
_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
_pakistani-medical-college-student-recreates-anant-radhika-ambani-pre-weddingfunny-video-viral.jpg)
_124-bangla-movie-song-124-riaz-124-moushumi-124-ferdous-124-channel-i-movies.jpg)
_bristi-pare-tapur-tupur-hemlata-amp-suresh-wadkar-paheli-1977.jpg)
_brishti-porey-bappa-mazumder-alive-experience-23-sep-2022.jpg)
_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)
![[+]](/images/menu.gif){kind=small}