From None.: 2025-05-02 05:30:00

Reddit (NYSE:RDDT) shares soared over 6% in pre-market trading following first-quarter earnings that surpassed analyst expectations. Revenue of $392.4 million marked a 61% increase year-over-year, with adjusted earnings of $0.13 per share far exceeding the $0.01 estimate.

Advertising revenue reached $358.6 million, reflecting Reddit’s strong ad sales growth. Daily active uniques rose 31% to 108.1 million, highlighting increased user engagement on the platform.

Reddit reported a net income of $26.2 million, a significant improvement from the $575.1 million loss in the same quarter last year. The company is optimistic about future growth, projecting second-quarter revenue between $410 million and $430 million.

With adjusted EBITDA forecasted between $110 million and $130 million, Reddit is confident in its ability to continue monetizing its advertising efforts and sustaining its momentum.



Read more at None.:: Reddit Soars 6% on Blowout Q1 Earnings and Bullish…