0920 ET - Reddit reported solid 1Q results, Davidson analyst Wyatt Swanson says in a research note, citing continued strength and broad-based momentum in the business. He points to advertising revenue--which grew 74% year-over-year--and active advertisers--which grew more than 75%--as pillars of strength. Overall revenue topped Wall Street's expectations and offset softer user-growth metrics, Swanson says. While those user-growth metrics still came in ahead of estimates, the beat was by a smaller margin than the company has observed over the past three quarters. Reddit surges 15% premarket.(connor.hart@wsj.com)
(END) Dow Jones Newswires
May 01, 2026 09:20 ET (13:20 GMT)
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