Reddit (RDDT) Q1 Earnings Beat Estimates, Revenues Up Y/Y [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
Including stock-based compensation of $595.5 million, the GAAP loss was $8.19 per share, much wider than the $1.05 reported in the year-ago quarter. Revenues of $243 million surpassed the Zacks Consensus Estimate by 14.62%. The figure jumped 48.4% year over year. Ad revenues increased 39% year over year to $222.7 million. Other revenues surged 454% year over year to $20 million, driven by new data licensing agreements, including Google. Daily Active Uniques (“DAUq”) increased 37% year over year to 82.7 million. U.S. DAUq jumped 45% year over year to 41.5 million, while International DAUq increased 30% year over year to 41.2 million. Weekly Active Uniques (“WAUq”) surged 40% year over year to 306.2 million. U.S. WAUq jumped 53% year over year to 151.3 million, while International WAUq increased 30% year over year to 154.9 million. Reddit Inc. Price, Consensus and EPS Surprise Reddit Inc. price-consensus-eps-surprise-chart | Reddit Inc. Quote Average Revenue Per User (ARPU)
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RDDT
News
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $65.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- Private equity hunts for IPO alternatives amid a US$3-trillion asset pile burden [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Reddit, Inc. (NYSE: RDDT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $63.00 price target on the stock.MarketBeat
- Markets today: Stocks churn as traders waver on U.S. rates outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
RDDT
Earnings
- 5/7/24 - Beat
RDDT
Sec Filings
- 5/9/24 - Form 3
- 5/9/24 - Form 4
- 5/8/24 - Form 10-Q
- RDDT's page on the SEC website