Reddit shares popped Wednesday, one day after it reported third-quarter results that beat Wall Street's expectations. The company reported revenue of $348.4 million, up 68% from a year earlier.
Reddit Inc.'s better-than-expected third-quarter results highlight the social-media platform's strong growth potential, analysts say.
The morning's biggest winner is Reddit (RDDT) after the social media platform turned a profit and reported higher-than-expected guidance. Eli Lilly (LLY) reported an "uncharacteristic" miss despite Mo
Reddit (RDDT) shares are surging 24% in premarket trading Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy four
Reddit (RDDT) shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a better-than-expected outlook amid robust digital advertising spen
Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday season.

Reddit's bet on AI is starting to pay off

06:27am, Wednesday, 30'th Oct 2024
Reddit shares surged 25% after it reported a revenue beat and turned a profit for the first time. The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3.
Reddit's community-based platform excels in contextual and interest-based ads, driving strong DAUq growth and ARPU improvements, leading to a 'Buy' rating with a $130 target price. International expan
Social media website Reddit (NYSE:RDDT) posted a net income of $29.9 million in the third quarter, marking the first quarterly profit since going public in March. Reddit delivered this on an 8.6% marg
Reddit (RDDT) is set to report earnings after the bell on Tuesday, with analysts expecting revenue growth, but a slightly larger net loss than it recorded the same time last year before the social med
Reddit Inc. (RDDT) reachead $77.29 at the closing of the latest trading day, reflecting a -1.6% change compared to its last close.
Reddit CEO Steve Huffman said the company is working to find its place in the AI "arms race." The platform has become a power player in the race to train AI models.

Monster insider trading alert for Reddit stock

05:42am, Monday, 21'st Oct 2024
Despite its strong performance, Reddit's (NYSE: RDDT) stock has been plagued by its suspected meme stock status and the lack of a lockup period for its executives after the initial public offering (IP
Reddit's stock has risen over 25% since my initial "buy" rating, driven by strong advertising and data licensing revenue after it signed a partnership with OpenAI to improve user innovation. Its Q2 FY

Advertising Growth key for Reddit (RDDT)

01:58pm, Friday, 18'th Oct 2024
Megan Brantley from @LikeFolio shares their research on Reddit (RDDT) as the social media company competes with Meta Platforms (META), Snap (SNAP) and even Tiktok. "Overall, we see a mixed bag," she s
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