RDDT posts a strong Q2 with EPS of 45 cents and 78% revenue growth, fueled by surging ad sales and global user expansion.
U.S. equities plunged at midday on a weaker-than-expected jobs report and President Donald Trump's announcement of new tariffs. The Nasdaq lost nearly 2%, and the Dow Jones Industrial Average and S&P 500 slid more than 1%.
Analysts are raising their Reddit price targets and reiterating their buy ratings after the social-media platform's better-than-expected second-quarter results.
Shares of Reddit Inc (NYSE:RDDT) have surged this morning, after the social media platform posted adjusted second quarter earnings of $0.45, easily ahead of the $0.19 that was expected.
It's an understatement to say that Reddit had an excellent second quarter. On Thursday, July 31, the social media company reported a boost in revenue from $281 million to $500 million—a 78% increase year-over-year (YOY).
Shares of Reddit (RDDT) soared more than 15% Friday, a day after the social media platform turned a profit and beat revenue forecasts as it added more users.
Reddit (NYSE:RDDT) shares popped more than 17% premarket as the social media platform's second quarter earnings crushed Wall Street estimates. Revenue surged 78% year-over-year to $500 million, ahead of estimates of $426.5 million.
Reddit's shares jumped 15% before the bell on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.
Earnings for Amazon, Coinbase, and Reddit arrive as key industry shifts unfold — cloud providers compete for market share as Microsoft's Azure business surges, crypto equities and ETFs drive new trading dynamics, and Reddit navigates ad growth, user challenges, and AI search threats.
Reddit, Inc. (NYSE:RDDT ) Q2 2025 Earnings Conference Call July 31, 2025 5:00 PM ET Company Participants Andrew Vollero - Chief Financial Officer Jennifer L. Wong - Chief Operating Officer Jesse Rose - Head of Investor Relations Steven Ladd Huffman - Co-Founder, CEO, President & Director Conference Call Participants Andrew M.
While the top- and bottom-line numbers for Reddit Inc. (RDDT) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.