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Reddit stock price soars
Reddit stock price soars after social media player reports profit milestone
Reddit's stock leaps nearly 40% after the social media company notched its first profit since launching in 2005.
Reddit Earnings Smash Estimates, Stock Soars on Surprise Profit
In its fourth-quarter guidance, Reddit estimated revenue in the range of $385 million to $400 million, which would bring total 2024 revenue to between $1.26 billion and $1.27 bill
Reddit leads social media stocks higher after company posts first profit since IPO
Reddit stock soared more than 40% to a record high of $117 on Wednesday, after the newly public social media company reaped its first-ever profit.
2h
on MSN
Reddit Hits First Profit as AI Drives Explosive Growth
The platform's AI translation feature enables posts to be converted between languages, including English, French and Spanish.
3h
Reddit Stock Jumps 40% on Surprise Profit, Buoyant Outlook
Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with ...
18h
on MSN
Reddit is profitable for the first time ever, with nearly 100 million daily users
Reddit just turned a profit for the first time. As part of its third quarter earnings results released on Tuesday, the ...
5h
Amid controversial changes, Reddit is getting more popular—and profitable
Still, Reddit’s results show it averaging 47 percent more daily active unique users in Q3 2024 (97.2 million) than it did in ...
21h
Reddit shares jump 22% as AI deals boost quarterly revenue forecast
Reddit on Tuesday reported its first quarterly profit and forecast fourth-quarter revenue above estimates, helped by its AI ...
4h
‘Rocketship’ Reddit’s third-quarter results a real ‘Jekyll and Hyde’ story, says Bernstein
Reddit Inc.’s better-than-expected third-quarter results highlight the social-media platform’s strong growth potential, ...
17h
Reddit CEO: We’ve been working hard at profitability
In an interview on CNBC’s Mad Money, Steve Huffman said Reddit (RDDT) is growing revenue “substantially faster” than costs.
12h
on MSN
Reddit just achieved something for the first time in its 20-year history
Reddit has turned a profit for the first time in its history, and its daily user base has grown to almost 100 million ...
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