Reddit Swings to Q1 Profit, Revenue Increases; Shares Jump After Hours

MT Newswires Live
昨天

Reddit (RDDT) reported Q1 earnings Thursday of $0.13 per diluted share, compared with a loss of $8.19 a year earlier.

Analysts polled by FactSet expected earnings of $0.02.

Revenue in the three months ended March 31 rose to $392.4 million from $243 million a year earlier.

Analysts surveyed by FactSet expected $369.5 million.

The company expects Q2 revenue of $410 million to $430 million.

Analysts polled by FactSet expect $391.8 million.

The company's shares jumped 18% in after-hours trading.

Price: 140.30, Change: +21.51, Percent Change: +18.11

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