Reddit Expected to Exceed Earnings Estimates Amid Advertising Growth and User Expansion
Jefferies anticipates Reddit will surpass Wall Street's second-quarter revenue and EBITDA forecasts due to strong advertising performance and improved user growth. The brokerage expects Q2 results to exceed consensus estimates by mid-single-digit percentages for revenue and low-double-digits for EBITDA, with similar guidance expected in the third quarter.
Tickers: $RDDT
Topics: ad revenue EBITDA guidance user growth