Reddit Q2 Earnings, Revenue Rise; Q3 Guidance Set

MT Newswires Live

07/31

Reddit (RDDT) reported Q2 earnings late Thursday of $1.25 per diluted share, up from $0.45 a year earlier.

Analysts polled by FactSet expected $0.95.

Revenue for the quarter ended June 30 was $805 million, up from $500 million a year ago.

Analysts surveyed by FactSet expected $731 million.

Reddit expects Q3 revenue between $860 million and $870 million. Analysts polled by FactSet expect $828.4 million.

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