_reddit-shares-surge-11-following-strong-revenue-growth-in-first-quarterly-report-that-surpassed-estimates.jpg "Reddit Shares Surge 11% Following Strong Revenue Growth in First Quarterly Report That Surpassed Estimates from bangla movie song mini net www video rdcore Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 1.9M times
✓ Published: 09-May-2024
👁 View: 1.9M times
✓ Published: 09-May-2024
Description:
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_tor-forsa-gale-tol-124-full-video-song-hd-124-action-bengali-movie-2014-124-om-barkha-bhist.webp "tsarkarproductions")
⏲ 3 minutes 40 seconds 👁 3.1M
_uber-beats-revenue-estimates-sees-robust-demand-and-consumer-spending-shifts-fueling-marketplace-expansion.webp "Uber reported first-quarter revenue of over $10 billion, beating estimates but posting a wider net loss. Gross bookings slightly missed forecasts, though mobility bookings grew 25% and delivery 18% year-over-year. Monthly active platform consumers were up 15% from a year ago. The company cited robust demand and consumer spending shifts supporting its marketplace. Uber aims to boost penetration in core services and expand into new segments to drive user growth. Shares fell over 6% in Wednesday's premarket trading.")
⏲ 0:38 👁 1.9M
_ei-to-tomar-124-124-mini-124mimi-chakraborty124pritha-bhattacharyya124-rabindranath-tagore124mainak-b.webp "Saregama Bengali")
Ei To Tomar | এইতো তোমার | Mini |Mimi Chakraborty|Pritha Bhattacharyya| Rabindranath Tagore|Mainak B
⏲ 2 minutes 29 seconds 👁 156.5K
_tin-konna-124-hd1080p-124-bobita-124-champa-124-shuchanda-124-classical-bangla-movie.webp "G Series Bangla Movies")
⏲ 2 hours 35 minutes 32 seconds 👁 1.2M
_lal-lipstick-124-full-song-124-new-version-124-ami-neta-hobo-124-shakib-khan-124-bidya-sinha-saha-mim.webp "Eskay Movies")
⏲ 3 minutes 30 seconds 👁 23M
_neoti-124-124-bengali-movie-124-full-hd-124-ranjit-mallick-124-indrani-haldar.webp "Mini Movie")
⏲ 36 minutes 40 seconds 👁 2.1M
_saksi-part-3-mensahe-ni-david-licauco-mini-palawan-baeksang-arts-awards-2024.webp "Saksi is GMA Network's late-night newscast hosted by Arnold Clavio and Pia Arcangel. It airs Mondays to Fridays at 11:00 PM (PHL Time) on GMA-7. For more videos from Saksi, visit http://www.gmanews.tv/saksi.<br/><br/>News updates on COVID-19 (coronavirus disease 2019) and the COVID-19 vaccine: https://www.gmanetwork.com/news/covid-19/<br/><br/>#Nakatutok24Oras<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA News and Public Affairs Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/><br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe<br/><br/><br/>")
_emon-ami-ghar-bendhechhi-124-natun-jiban-124-bengali-movie-song-124-hemanta-mukherjee.webp "Angel Bengali Songs")
⏲ 3 minutes 4 seconds 👁 3.9M
_tor-forsa-gale-tol-124-full-video-song-hd-124-action-bengali-movie-2014-124-om-barkha-bhist.jpg)
_uber-beats-revenue-estimates-sees-robust-demand-and-consumer-spending-shifts-fueling-marketplace-expansion.jpg)
_ei-to-tomar-124-124-mini-124mimi-chakraborty124pritha-bhattacharyya124-rabindranath-tagore124mainak-b.jpg)
_tin-konna-124-hd1080p-124-bobita-124-champa-124-shuchanda-124-classical-bangla-movie.jpg)
_lal-lipstick-124-full-song-124-new-version-124-ami-neta-hobo-124-shakib-khan-124-bidya-sinha-saha-mim.jpg)
_neoti-124-124-bengali-movie-124-full-hd-124-ranjit-mallick-124-indrani-haldar.jpg)
_saksi-part-3-mensahe-ni-david-licauco-mini-palawan-baeksang-arts-awards-2024.jpg)
_emon-ami-ghar-bendhechhi-124-natun-jiban-124-bengali-movie-song-124-hemanta-mukherjee.jpg)
![[+]](/images/menu.gif){kind=small}