Reddit (RDDT) reported third-quarter 2024 earnings of 16 cents per share, comfortably beating the Zacks Consensus Estimate of a loss of 7 cents per share. Reddit had reported a loss of 13 cents per share in the yearago quarter. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues of $348.4 million surpassed the Zacks Consensus Estimate by 11.31%. The reported figure rallied 68% year over year. Reddit offered a strong fourth-quarter 2024 guidance. This, along with the solid third- ...

Topline Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company's stock soaring Wednesday toward its best day since going public in March, as analysts say the firm is benefitting from new search algorithms and other licensing deals. Analysts say the social media company benefitted from new search algorithms and other licensing ... [+] deals. SOPA Images/LightRocket via Getty Images Key Facts Shares of Reddit increased by more than 38% to over ...

Key Takeaways Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company. Reddit posted third-quarter revenue of $348.4 million, up 68% from the same period last year and beating Visible Alpha estimates. It reported a third-quarter net profit of $29.9 million, or 16 cents per share, versus estimates of a net loss of $17.7 million, or 10 cents per share. For the fourth quarter, Reddit is forecasting revenue in the range of $385 million to $400 millio ...

Sometimes, great businesses just need a little bit of time to get the markets on their side. Such is the case with Reddit (NYSE: RDDT ), the popular discussion-threads site that went public earlier this year at $50 per share. Reddit had a With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular con ...

Shares of social-media companies Reddit Inc (NYSE:RDDT) and Snap Inc (NYSE:SNAP) are surging today after earnings. The former reported its first quarter of profitability and said revenue for the fiscal fourth quarter would be above estimates, while the latter beat third-quarter expectations and announced a $500 million stock buyback program. At last glance, Reddit stock was up 35.3% at $110.61, and earlier touched an all-time high of $114. RDDT, which went public in March, is up 144.6% over the last six mon ...

KEY TAKEAWAYSReddit shares are surging 24% in premarket trading Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.Reddit posted third-quarter revenue of $348.4 million, up 68% from the same period last year and beating Visible Alpha estimates.It reported a third-quarter net profit of $29.9 million, or 16 cents per share, versus estimates of a net loss of $17.7 million, or 10 cents per share.For the ...

Key TakeawaysReddit shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a strong outlook, as the social media platform benefits from robust digital advertising spending and lucrative AI content licensing deals.Since going public in March, Reddit shares oscillated within an ascending triangle before breaking out above the pattern’s top trendline earlier this month.The measuring principle, which calculates the distance between the ascending tr ...

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's AI-driven translation and revamped AMA product contributed to user growth. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favo ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

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 ...