_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 new roosha রাতে 24 net 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
_dbc-news-live-124-124-live-tv-124-live-tv-streaming-124-bangla-tv-live.webp "DBC NEWS")
⏲ 14 seconds 👁 466.2K
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.webp "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.")
_.webp "Star Jalsha")
⏲ 1 minute 22 seconds 👁 1.5M
_124-nusrat-jahan-amp-yash-dasgupta-family-2023.webp "StarUltraGossip24")
⏲ 2 minutes 8 seconds 👁 301.4K
_-124-kumar-bishwajit-124-desh-tv.webp "Desh TV Entertainment")
⏲ 3 minutes 43 seconds 👁 688.2K
_124-rahul-deb-sen-124-roosha-chatterjee-124-love-story.webp "Siti Cinema")
⏲ 1 minute 20 seconds 👁 36.6K
_uber-beats-revenue-estimates-sees-robust-demand-and-consumer-spending-shifts-fueling-marketplace-expansion.webp "Uber reported first-quarter revenue of over $10 billion, beating estimates but posting a wider net loss. Gross bookings slightly missed forecasts, though mobility bookings grew 25% and delivery 18% year-over-year. Monthly active platform consumers were up 15% from a year ago. The company cited robust demand and consumer spending shifts supporting its marketplace. Uber aims to boost penetration in core services and expand into new segments to drive user growth. Shares fell over 6% in Wednesday's premarket trading.")
⏲ 0:38 👁 2.3M
_124-roosha-chatterjee-124-desh-tv.webp "Desh TV News")
⏲ 3 minutes 26 seconds 👁 194K
_dbc-news-live-124-124-live-tv-124-live-tv-streaming-124-bangla-tv-live.jpg)
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.jpg)
_.jpg)
_124-nusrat-jahan-amp-yash-dasgupta-family-2023.jpg)
_-124-kumar-bishwajit-124-desh-tv.jpg)
_124-rahul-deb-sen-124-roosha-chatterjee-124-love-story.jpg)
_uber-beats-revenue-estimates-sees-robust-demand-and-consumer-spending-shifts-fueling-marketplace-expansion.jpg)
_124-roosha-chatterjee-124-desh-tv.jpg)
![[+]](/images/menu.gif){kind=small}