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Shares of Reddit Inc (NYSE:RDDT) and Deere & Co (NYSE:DE) are taking a hit after earnings, tumbling as investors react to their latest results.Reddit stock was last seen 4.8% lower at $206.10, after the social media giant reported fourth-quarter user numbers that fell short of expectations. While daily active unique visitors surged 39% year-over-year to 101.7 million, the figure missed the StreetAccount consensus of 103.1 million. Despite the disappointment, Reddit still delivered a top- and bottom-line bea ...

Core Insights - Reddit shares fell over 6% after the company reported user growth that did not meet Wall Street expectations for the fourth quarter, with daily active uniques rising 39% year-over-year to 101.7 million, below the estimate of 103.1 million [1] User Growth and Traffic - CEO Steve Huffman indicated that Reddit faced "volatility" in user growth due to a change in Google's search algorithm, which primarily affected logged-out users visiting the site without an account [2] - The search-related traffic has shown recovery into the first quarter following the algorithm change [2] - Huffman noted that fluctuations in search referrals are not unusual and mainly impact logged-out users, emphasizing the company's ability to adapt to algorithm updates effectively [3]

CHONGQING, CHINA - FEBRUARY 9: In this photo illustration, the Reddit logo is displayed on a ... [+] smartphone screen in front of a stock chart showcasing Reddit's financial performance, social media industry trends, online community growth, and global digital engagement on February 9, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesReddit (NYSE: RDDT) recently announced its Q4 earnings, reporting a profit of $0.36 per share on revenue of $428 million. This exceeded mar ...

Core Insights - Reddit Inc reported better-than-expected fourth-quarter financial results, with revenue of $427.71 million, surpassing the consensus estimate of $405.26 million, and earnings of 36 cents per share, exceeding analyst estimates of 25 cents per share [1][2] Financial Performance - Fourth-quarter revenue: $427.71 million, beating estimates by $22.45 million [1] - Fourth-quarter earnings per share: 36 cents, exceeding estimates by 11 cents [1] - First-quarter revenue guidance: expected to be between $360 million and $370 million, slightly above estimates of $358.08 million [2] - First-quarter adjusted EBITDA forecast: between $80 million and $90 million [2] Market Reaction - Reddit shares increased by 1.3%, closing at $216.47 following the earnings announcement [3] Analyst Ratings and Price Targets - Morgan Stanley analyst Brian Nowak maintained an Overweight rating and raised the price target from $200 to $210 [4] - Baird analyst Colin Sebastian maintained a Neutral rating and raised the price target from $160 to $185 [4] - Needham analyst Laura Martin maintained a Buy rating and raised the price target from $190 to $220 [4] - B of A Securities analyst Justin Post maintained a Neutral rating and raised the price target from $180 to $190 [4]

Reddit, Inc. (NYSE:RDDT) Q4 2024 Earnings Conference Call February 12, 2025 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 Ronald Josey - Citigroup Justin Post - Bank of America Benjamin Black - Deutsche Bank Brian Nowak - Morgan Stanley Richard Greenfield - LightShed Ken Gawrelski - Wells Fargo Eric Sheridan - Goldman Sa ...

Reddit CEO Steve Huffman said the site saw "volatility" in traffic in Q4 due to Google's algorithm change.The impact shows how some users still rely on an external search engine to get answers from Reddit.Reddit saw 39% user growth between 2023 and 2024.Reddit's stock dropped more than 15% after hours on Wednesday after the company reported user growth below analyst expectations in its fourth-quarter earnings. The site averaged 101.7 million daily active unique users in the fourth quarter, a 39% year-over-y ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41983 _________________________ Reddit, Inc. (Exact name of registrant as specified in its charter) ...

Reddit (RDDT) reported fourth-quarter earnings that topped analysts' estimates, but its user growth fell short, sending shares lower in extended trading Wednesday. The social media platform saw revenue grow 71% year-over-year to $427.7 million, topping the analyst consensus compiled by Visible Alpha. Net income came in at $71 million, up from $18.5 million a year ago and above expectations. However, Reddit’s 101.7 million daily active users in the period fell short of the 103.24 million analysts were looki ...

Daily Active Uniques ("DAUq") increased 39% year-over-year to 101.7 million Fourth Quarter Revenue grew 71% year-over-year to $427.7 million Gross margin reached 92.6% for the fourth quarter and 90.5% for the full year Fourth Quarter Net income of $71.0 million, 16.6% of revenue. Diluted EPS of $0.36 Fourth Quarter Adjusted EBITDA of $154.3 million, 36.1% of revenue 1 Fourth Quarter Operating cash flow of $90.0 million. Fully diluted shares of 206.2 million, down sequentially SAN FRANCISCO, Calif. – Februar ...