Reddit’s explosive user growth and AI tools help it soar to its first-ever profit
The social platform claimed a profit of $29.9 million for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected.
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.
Reddit stock price soars after social media player reports first profit
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 turns a profit, beats Q3 sales and earnings estimates
Reddit Inc. said late Tuesday it turned a profit in its third quarter, a first for the social-media platform since becoming a public company earlier this year. Reddit reported net income of $29.9 million,
Reddit shares soar 40% on profitability, rosy guidance
Reddit shares popped a day after the company reported third-quarter results that beat Wall Street's expectations. The company reported revenue of $348.4 million, up 68% from a year earlier. "It was another strong quarter for Reddit and our communities as we achieved important milestones,
Reddit Stock Jumps on Surprise Profit, Buoyant Outlook
KEY TAKEAWAYS Reddit 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 Stock Surges As Strong Revenue Growth Powers Surprise Profit
Reddit stock jumped late Tuesday, after the social media company reported third quarter earnings and sales that exceeded expectations. The recent IPO stock posted a profit earlier than analyst had projected.
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Meta’s Profit Rises 35%, Even as Spending Spree Continues
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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.
Meta’s third-quarter profit surges 35% reflecting strong ad revenue and its AI push
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Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
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Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
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Amgen posts higher 3rd-quarter profit, sales rise 24%
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Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
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Judge orders St. Pete non-profit that lost $100M be shut down for good
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BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
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Arch Capital profit jumps on higher premiums, robust investment returns
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