From CNBC: 2025-02-12 18:48:03

Reddit shares dropped over 15% after weaker-than-expected user numbers in Q4 earnings. Daily active uniques rose 39% to 101.7 million, below estimates. Google algorithm changes caused growth volatility. Sales increased 71% to $428 million. Despite missing user numbers, Reddit reported strong numbers, with Q1 sales expected between $360-370 million.

Reddit saw a net income increase to $71 million in Q4, with adjusted earnings of $154 million. The company’s IPO in March at $34/share has seen its stock soar to $216.47. Q1 sales guidance exceeded analyst estimates. Several online advertising tech companies have recently reported strong quarterly earnings, including Amazon, Alphabet, Pinterest, and Snap.



Read more at CNBC:: Reddit (RDDT) Q4 earnings reports 2024