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

MT Newswires Live
13 hours ago

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10