Reddit, Inc. Class A Common Stock (RDDT)
NYSE NYSE Primary 
Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demand
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
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: Future Of Contextual And Interest-Based Ads, Initiate With 'Buy'
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 expansion and AI-powered tools like Memorable AI bolster Reddit's advertising capabilities, enhancing revenue growth and global user engagement. RDDT's Q3 results showcased 47% DAUq growth, 68% revenue rise, and significant margin expansion, with a projected 40% revenue growth from FY25 to FY28.
Reddit declares first profit since going public, shares rocket higher
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% margin, driven by a 56% increase in advertising revenue to $315.1 million.
CNBC Daily Open: Everyone gave Reddit an upvote
Our social media habits are so ingrained they're almost automatic and essential. Little surprise, then, that the companies behind them are flourishing.
Reddit, Inc. (RDDT) Q3 2024 Earnings Call Transcript
Reddit, Inc. (NYSE:RDDT ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steven Huffman - Co-Founder & Chief Executive Officer Jennifer Wong - Chief Operating Officer Andrew Vollero - Chief Financial Officer Conference Call Participants Benjamin Black - Deutsche Bank Ronald Josey - Citigroup Richard Greenfield - LightShed Andrew Boone - JMP Securities Naved Khan - B. Riley Securities Eric Sheridan - Goldman Sachs Rohit Kulkarni - ROTH Capital Partners John Colantuoni - Jefferies Brian Nowak - Morgan Stanley Thomas Champion - Piper Sandler Douglas Anmuth - JP Morgan Alan Gould - Loop Capital Daniel Salmon - New Street Research Operator Good afternoon.
Reddit: Buying The Underdog For Its Pace Of Growth
We're adding Reddit, Inc. to our tech coverage universe and initiating with a buy. Q3 2024 results and management outlook confirm our expectation that there is more upside ahead. We expect sustained outperformance into FY25 on better ad spending in a healthier macro backdrop and an upward revision in its AI data licensing revenue.
Reddit's stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates
Reddit Inc. said late Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.
Sam Altman's Reddit stake now worth over $1 billion after post-earnings pop
Sam Altman's stake in Reddit is now worth more than $1 billion, based on where the stock is trading after hours. The OpenAI CEO is among Reddit's largest shareholders.
Reddit Stock Surges As Strong Revenue Growth Powers Surprise Profit
Reddit easily bested Q3 estimates and gave a stronger-than-expected sales and profit forecast for Q4.
Reddit shares soar 16% on earnings beat and better-than-expected forecast
Reddit reported third-quarter financial results that topped analyst estimates. The company's forecast for the fourth quarter was also better than expected.
Reddit forecasts quarterly revenue above estimates
Reddit forecast fourth-quarter revenue above Wall Street estimates on Tuesday, helped by its AI content licensing deals and strong digital advertising spend.
