Reddit Shares Rise in Premarket Trading Amid Strong Revenue and Profit Growth
Reddit Inc (NYSE:RDDT) shares surged 17% premarket after reporting a strong revenue beat of $663 million, up 69% year-over-year. Despite missing EPS estimates at $1.01 versus the forecasted $1.11, robust advertising demand and improved profitability metrics like EBITDA growth (up 131%) drove investor optimism.
Tickers: $RDDT
Topics: ai earnings profitability revenue user_growth