Reddit(RDDT),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community

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RDDT Reddit

Post-Market Trading 05-09 16:02:18 EDT

50.12

-1.28

-2.49%

盘后49.76

-0.36-0.72%

16:01 EDT

High51.10	Low48.25	Vol3.88M
Open51.00	D1 Closing51.40	Amplitude5.54%
Mkt Cap8.19B	Tradable Cap1.10B	Total Shares163.35M
T/O191.69M	T/O Rate17.63%	Tradable Shares22.00M
P/B--	ROE--	EPS0.00
52wk High--	52wk Low--	P/E--
Dividend--	Div.Yield--	ROA--

{"stockData":{"symbol":"RDDT","market":"US","secType":"STK","nameCN":"Reddit","latestPrice":50.12,"timestamp":1715284799669,"preClose":51.4,"halted":0,"volume":3878358,"hourTrading":{"tag":"盘后","latestPrice":49.76,"preClose":50.12,"latestTime":"16:01 EDT","volume":1791,"amount":89600.509782,"timestamp":1715284890312},"delay":0,"floatShares":22000000,"shares":163346491,"eps":-1.535795,"marketStatus":"Post-Market Trading","change":-1.28,"latestTime":"05-09 16:02:18 EDT","open":51,"high":51.1,"low":48.25,"amount":191692963.58256,"amplitude":0.055447,"askPrice":50.21,"askSize":507,"bidPrice":49.07,"bidSize":50,"shortable":3,"etf":0,"ttmEps":-1.535795,"tradingStatus":3,"nextMarketStatus":{"tag":"Closed","tradingStatus":0,"beginTime":1715299200000},"marketStatusCode":4,"adr":0,"listingDate":1710993600000,"exchange":"NYSE","adjPreClose":51.4,"preHourTrading":{"tag":"盘前","latestPrice":51.06,"preClose":51.4,"latestTime":"09:29 EDT","volume":54258,"amount":2775245.860254,"timestamp":1715261399999},"postHourTrading":{"tag":"盘后","latestPrice":49.76,"preClose":50.12,"latestTime":"16:01 EDT","volume":1791,"amount":89600.509782,"timestamp":1715284890312},"volumeRatio":0.762829},"requestUrl":"/m/hq/s/RDDT/wiki","defaultTab":"wiki","newsList":[{"id":"2434046274","title":"Reddit is maturing as a company, CEO says","url":"https://stock-news.laohu8.com/highlight/detail?id=2434046274","media":"Yahoo Finance","top":-1,"share":"https://ttm.financial/m/news/2434046274?lang=en_us&edition=fundamental","pubTime":"2024-05-10 02:28","pubTimestamp":1715279281,"startTime":"0","endTime":"0","summary":"Reddit  is entering its adult years, and that may turn out well for investors.\"A lot of things are really starting to click,\" Reddit co-founder and CEO Steve Huffman told Yahoo Finance on Thursday .Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange  after ringing a bell on the floor in its initial public offering  on March 21, 2024, in New York City. . For Reddit, the quarter was another win for 2024.The stock currently trades at around $50 and received a double-digit percentage boost after earnings this week. Reddit's market cap is now roughly $8.1 billion.Despite being in business for almost 20 years, Reddit had never turned a profit before the first quarter. Last year the company saw sales rise 21% year over year to $804 million. The net loss clocked in at $90.8 million.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/MDXbPD4wmPS109uz0PfPnw--~B/aD01NDY0O3c9ODE5MjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-03/3eeee9a0-e7ac-11ee-bf89-b22c0d5d4459","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/MDXbPD4wmPS109uz0PfPnw--~B/aD01NDY0O3c9ODE5MjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-03/3eeee9a0-e7ac-11ee-bf89-b22c0d5d4459"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-is-maturing-as-a-company-ceo-says-182801293.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2434497320","title":"Reddit to Participate in Upcoming Investor Conferences","url":"https://stock-news.laohu8.com/highlight/detail?id=2434497320","media":"Business Wire","top":-1,"share":"https://ttm.financial/m/news/2434497320?lang=en_us&edition=fundamental","pubTime":"2024-05-10 02:23","pubTimestamp":1715278980,"startTime":"0","endTime":"0","summary":"SAN FRANCISCO, May 09, 2024----Reddit, Inc. , announced its planned participation in two upcoming conferences.Jen Wong, Reddit’s COO, will participate in Needham’s 19th Annual Needham Technology, Media, and Consumer Conference on Wednesday, May 15, 2024 at 8:45 a.m. Eastern Time. Steve Huffman, Reddit’s Co-Founder & CEO, will participate in J.P. Morgan’s 52nd Annual Global Technology, Media, and Communications Conference on Monday, May 20, 2024 at 8:40 a.m. Eastern Time. Reddit is a community of communities. It’s built on shared interests, passion, and trust and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and approximately 82+ million daily active unique visitors, Reddit is one of the internet’s largest sources of information.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/PE7Kr9hCjewagZqIGFILkg--~B/aD0yMTY7dz03NzQ7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ee590579b5f511b50ef5a0862efcb18b","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PE7Kr9hCjewagZqIGFILkg--~B/aD0yMTY7dz03NzQ7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ee590579b5f511b50ef5a0862efcb18b"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-participate-upcoming-investor-conferences-182300506.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2434010951","title":"Reddit Lays Out Content Policy While Seeking More Licensing Deals","url":"https://stock-news.laohu8.com/highlight/detail?id=2434010951","media":"Bloomberg","top":-1,"share":"https://ttm.financial/m/news/2434010951?lang=en_us&edition=fundamental","pubTime":"2024-05-10 00:05","pubTimestamp":1715270700,"startTime":"0","endTime":"0","summary":" -- Reddit Inc. released new policies governing data posted on its social network, including a ban on sending advertisements to users without consent, as it seeks to increase revenue through licensing agreements with artificial intelligence developers and other companies.Microsoft’s XboxIs Planning More Cuts After Studio Closings. Americans AreRackingUp‘Phantom Debt’ That Wall Street Can’t Track. ‘Seriously Underwater’ Home Mortgages Tick Up Across the US. Arm Slides as Tepid Outlook Fuels Concerns Over AI Slowdown. The site’s content policy prevents data licensees from using Reddit posts or comments that have been deleted, making that content available to law enforcement agencies or using posts in a way that violates intellectual property rights, among other restrictions.Chief Legal Officer Ben Lee said it was important to set out the guidelines, in part, because there was a perception that companies licensing Reddit’s data could do anything they wanted with the material.Reddit’s AI l","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/W2M1IjyzmNMP6sw6lMENEA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_technology_68/3896d04aacabd0e8243c254c10124dc3","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/W2M1IjyzmNMP6sw6lMENEA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_technology_68/3896d04aacabd0e8243c254c10124dc3"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-lays-content-policy-while-160500720.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2434190450","title":"Microsoft Leads Magnificent 7 In Reddit Discussion: AI, Market Positioning, Cloud Computing A Hit With Traders","url":"https://stock-news.laohu8.com/highlight/detail?id=2434190450","media":"Benzinga","top":-1,"share":"https://ttm.financial/m/news/2434190450?lang=en_us&edition=fundamental","pubTime":"2024-05-09 22:51","pubTimestamp":1715266300,"startTime":"0","endTime":"0","summary":"In the midst of the fervor surrounding U.S. tech stocks, one question lingers: which among the Magnificent Seven stocks stands as the healthiest, most resilient player when the hype fades?Redditor Physioweng’s query sparked a thoughtful discussion, with Microsoft Corp  emerging as a popular choice for its robust fundamentals and strategic positioning.Microsoft Vs. Google – The Battle For AI Dominance. Commentators highlighted Microsoft’s exceptional leadership and its dominance in AI talent as key indicators of strength. Despite criticisms about its AI capabilities, particularly compared to Alphabet Inc  , known as Google, Microsoft’s strategic application of AI has been a standout feature. Its multifaceted approach, spanning cloud computing, software development, gaming, hardware design, search, advertising, and acquisitions like GitHub and LinkedIn, underscores its status as a diversified powerhouse. “It’s more like a mini etf itself,” commented Redditor St3w1e0.With a leadership tra","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/T8iBNjsy75xSAdTxQxWUgw--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/c2a8ce243fd5833e762e28de3cea95f9","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/T8iBNjsy75xSAdTxQxWUgw--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/c2a8ce243fd5833e762e28de3cea95f9"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/microsoft-leads-magnificent-7-reddit-145140471.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2434060756","title":"Wall Street Breakfast Podcast: Disney, Warner Bros. To Bundle Streaming Services","url":"https://stock-news.laohu8.com/highlight/detail?id=2434060756","media":"seekingalpha","top":-1,"share":"https://ttm.financial/m/news/2434060756?lang=en_us&edition=fundamental","pubTime":"2024-05-09 18:48","pubTimestamp":1715251682,"startTime":"0","endTime":"0","summary":"Disney and Warner Bros. will bundle their streaming services.General Motors will end production of the Chevy Malibu to make room for more EVs and hybrids.Chinese EV maker NIO will launch its lower-pri","market":"us","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1603700869/image_1603700869.jpg","type":0,"news_type":0,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1603700869/image_1603700869.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://seekingalpha.com/article/4691214-wall-street-breakfast-podcast-disney-warner-bros-to-bundle-streaming-services","is_publish_highlight":false,"gpt_icon":0},{"id":"1101802009","title":"Cathie Wood's Ark Invest Purchases Shopify and Reddit Shares, Offloads Coinbase Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1101802009","media":"Benzinga","top":-1,"share":"https://ttm.financial/m/news/1101802009?lang=en_us&edition=fundamental","pubTime":"2024-05-09 14:00","pubTimestamp":1715234400,"startTime":"0","endTime":"0","summary":"On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc and Reddit Inc, and the selling off of Coinbase Global Inc shares.","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"gpt_icon":1},{"id":"2434770438","title":"Telecoms Flat After Reddit Earnings - Communications Services Roundup","url":"https://stock-news.laohu8.com/highlight/detail?id=2434770438","media":"Dow Jones","top":-1,"share":"https://ttm.financial/m/news/2434770438?lang=en_us&edition=fundamental","pubTime":"2024-05-09 05:14","pubTimestamp":1715202840,"startTime":"0","endTime":"0","summary":"Communications services companies were more or less flat after strong earnings from one social media concern.Reddit shares surged after the blogging concern reported a bigger-than-forecast increase in users in its first set of results as a public company.Shares of EchoStar fell after the company swung to a steeper loss than expected on posted lower revenue in its first quarter after merging with Dish Network.IAC Interactive is holding out hope that other companies producing AI follow OpenAI's example on digital licensing.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"gpt_icon":0},{"id":"2434270670","title":"Dow Extends Latest Run of Gains -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2434270670","media":"Dow Jones","top":-1,"share":"https://ttm.financial/m/news/2434270670?lang=en_us&edition=fundamental","pubTime":"2024-05-09 04:37","pubTimestamp":1715200620,"startTime":"0","endTime":"0","summary":"The Dow Jones Industrial Average rose Wednesday, extending its longest winning streak of the year.The blue-chip index gained 0.4%, or 172 points, logging a sixth straight day of gains. The tech-heavy Nasdaq fell 0.2%. The S&P 500 fell by just three-hundredths of a point, its smallest move since 2018. All three indexes remain higher to start May after dropping in April.Investors on Wednesday digested the latest results from companies including Uber, Shopify and Reddit. With the first-quarter earnings season nearing its end, S&P 500 companies are growing earnings by 5.3%, according to a FactSet blend of actual results and analysts' forecasts. That would mark the highest rate since the second quarter of 2022.Recent remarks from Federal Reserve officials suggested interest rates may have to stay elevated for longer before the central bank can bring inflation back to its 2% target.Among individual movers, Shopify shares sank 19% after the online-retail services company said it expects sales","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"gpt_icon":0},{"id":"2434002777","title":"Reddit Users See An 'Inverse Moment' As Shares Pop 14% On Social Media Platform's Financial Performance","url":"https://stock-news.laohu8.com/highlight/detail?id=2434002777","media":"Benzinga","top":-1,"share":"https://ttm.financial/m/news/2434002777?lang=en_us&edition=fundamental","pubTime":"2024-05-09 03:05","pubTimestamp":1715195122,"startTime":"0","endTime":"0","summary":"Reddit beat expectations, with revenue of $243 million; ad revenue was up 39%. Analysts are optimistic about its potential for profitability.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38711023/reddit-users-see-an-inverse-moment-as-shares-pop-14-on-social-media-platforms-finan","is_publish_highlight":false,"gpt_icon":0},{"id":"2434777401","title":"Correction to Reddit Posts Higher Revenue Article on May 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2434777401","media":"Dow Jones","top":-1,"share":"https://ttm.financial/m/news/2434777401?lang=en_us&edition=fundamental","pubTime":"2024-05-09 02:02","pubTimestamp":1715191320,"startTime":"0","endTime":"0","summary":"Reddit was founded in 2005. \"Reddit Posts Higher Revenue, Wider Loss in First Post-IPO Report; Stock Surges -- WSJ,\" at 4:26 p.m. ET May 7, incorrectly stated the year as 2015. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2024 14:02 ET (18:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"gpt_icon":0},{"id":"2434477105","title":"Reddit Inc Class A (RDDT) Holds Steady: A Balanced View Amidst Growth and Uncertainty","url":"https://stock-news.laohu8.com/highlight/detail?id=2434477105","media":"TIPRANKS","top":-1,"share":"https://ttm.financial/m/news/2434477105?lang=en_us&edition=fundamental","pubTime":"2024-05-09 01:26","pubTimestamp":1715189166,"startTime":"0","endTime":"0","summary":"In a report released today, Eric Sheridan from Goldman Sachs reiterated a Hold rating on Reddit Inc Class A (RDDT – Research Report), with a price ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/reddit-inc-class-a-rddt-holds-steady-a-balanced-view-amidst-growth-and-uncertainty?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/reddit-inc-class-a-rddt-holds-steady-a-balanced-view-amidst-growth-and-uncertainty?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"gpt_icon":0},{"id":"2434768117","title":"Reddit Is Maintained at Buy by Roth MKM","url":"https://stock-news.laohu8.com/highlight/detail?id=2434768117","media":"Dow Jones","top":-1,"share":"https://ttm.financial/m/news/2434768117?lang=en_us&edition=fundamental","pubTime":"2024-05-09 00:25","pubTimestamp":1715185500,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/RDDT/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2024 12:25 ET (16:25 GMT)","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"gpt_icon":0},{"id":"2433998773","title":"BREAKINGVIEWS-Reddit answers almost everything post-IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2433998773","media":"Reuters","top":-1,"share":"https://ttm.financial/m/news/2433998773?lang=en_us&edition=fundamental","pubTime":"2024-05-08 23:49","pubTimestamp":1715183384,"startTime":"0","endTime":"0","summary":"(The author is a Reuters Breakingviews columnist.  The opinions expressed are her own.)   By Jennifer Saba      NEW YORK, May 8 (Reuters Breakingviews) - In its first quarterly results since making a ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"gpt_icon":0},{"id":"2434765747","title":"Reddit Q1 Results Showed 'Strong Execution' in First Quarter After Listing, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2434765747","media":"MT Newswires","top":-1,"share":"https://ttm.financial/m/news/2434765747?lang=en_us&edition=fundamental","pubTime":"2024-05-08 23:40","pubTimestamp":1715182845,"startTime":"0","endTime":"0","summary":"Reddit  Q1 results showed \"strong execution\" in its first quarter as a listed company, with the revenue and EBITDA beat driven by favorable macro, solid direct response growth and new data deals, BofA Securities said in a note on Wednesday.The investment firm reiterated its neutral rating on Reddit and raised the price target to $57 from $50.\"Well executed first quarter but reiterate neutral given historically volatile users/revenues and relatively premium valuation,\" the note said.\"We are encouraged to see strong post-listing execution and remain constructive on the opportunity ahead for Reddit given large user base , ongoing language translation, untapped assets for ads  and potential upside with new data deal,\" the note said.\"However, 1Q was exceptionally strong for the online ad industry, and we would expect quarterly user and revenue growth volatility based on history, while valuation is at a premium to peers at close to 7x 2025 revenues,\" BofA said.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-q1-results-showed-apos-154045427.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2433778801","title":"Reddit Got a Google Boost. More AI Deals Could Lift the Stock. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2433778801","media":"Dow Jones","top":-1,"share":"https://ttm.financial/m/news/2433778801?lang=en_us&edition=fundamental","pubTime":"2024-05-08 23:17","pubTimestamp":1715181420,"startTime":"0","endTime":"0","summary":"Reddit's first earnings report as a public company knocked expectations out of the park. However, the social-media company is still facing questions about the sustainability of a surge in users and Google search traffic.Wall Street sees other ways, however, for Reddit to drive revenue growth beyond a rise in traffic.On Tuesday, Reddit posted March-quarter revenue that crushed estimates helped by a 37% surge in daily active unique visitors from the same period a year before. Reddit shares jumped 3.2% to $50.96 in Wednesday morning trading.Reddit management insisted there was no direct link between the content-licensing deal and the platform's increase in traffic. Instead, they attributed increased Google search traffic to better website performance improving Reddit's ranking in search results. They also pointed to 27% growth in logged-in users -- meaning users who have accounts on the site and therefore are less likely to have arrived via a Google search -- as proof of growing engagemen","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"gpt_icon":0},{"id":"2433572031","title":"Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopes","url":"https://stock-news.laohu8.com/highlight/detail?id=2433572031","media":"Yahoo Finance","top":-1,"share":"https://ttm.financial/m/news/2433572031?lang=en_us&edition=fundamental","pubTime":"2024-05-08 22:47","pubTimestamp":1715179632,"startTime":"0","endTime":"0","summary":"Reddit  stock popped as much as 5% Wednesday after the company said in its first-ever quarterly earnings report that it expects better-than-expected sales growth in the current quarter and further progress on profitability.Reddit said in its release on Tuesday that it expects Q2 revenue in the range of $240 million to $255 million, above Wall Street's estimates for $228 million. The social media company also said it sees adjusted EBITDA in the current quarter in the range of $0 to $15 million. The Street had been expecting a loss of $13 million.Reddit's daily active users hit 82.7 million, up 9% from the prior quarter and faster than analysts had projected.\"Reddit delivered a strong first quarter post its IPO, in our view,\" Citi analyst Ronald Josey wrote in a note to clients on Wednesday. \"Importantly, we believe improving engagement trends are lasting.\". But the report from the company that once hosted fodder for meme stock targets highlighted a trend recently seen in other names fav","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/XuZoM.CSxWVyzCWW8wSWiA--~B/aD0yOTQ3O3c9NDkyNjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-05/81daaf90-0d42-11ef-b9f7-8b71d45806c2","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/XuZoM.CSxWVyzCWW8wSWiA--~B/aD0yOTQ3O3c9NDkyNjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-05/81daaf90-0d42-11ef-b9f7-8b71d45806c2"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-stock-rises-after-first-quarterly-report-on-higher-than-expected-earnings-forecast-ai-hopes-144712122.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2433929722","title":"Reddit's Enhanced Advertising Tools Drive 'Sizable Upside': JPMorgan","url":"https://stock-news.laohu8.com/highlight/detail?id=2433929722","media":"Benzinga","top":-1,"share":"https://ttm.financial/m/news/2433929722?lang=en_us&edition=fundamental","pubTime":"2024-05-08 22:26","pubTimestamp":1715178377,"startTime":"0","endTime":"0","summary":"Reddit&#39;s stock surged 14.82% in pre-market trading on Wednesday after reporting strong Q1 earnings, exceeding expectations and providing upbeat Q2 guidance.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38703190/reddits-enhanced-advertising-tools-drive-sizable-upside-jpmorgan","is_publish_highlight":false,"gpt_icon":0},{"id":"1120975904","title":"Top Calls on Wall Street: Nvidia, Apple, Nike, Rivian, Reddit, Disney, Micron, Block, Ferrari & More","url":"https://stock-news.laohu8.com/highlight/detail?id=1120975904","media":"Tiger Newspress","top":-1,"share":"https://ttm.financial/m/news/1120975904?lang=en_us&edition=fundamental","pubTime":"2024-05-08 22:25","pubTimestamp":1715178350,"startTime":"0","endTime":"0","summary":"Here are the biggest calls on Wall Street on Wednesday:Wells Fargo upgrades Hexcel Corporation to overweight from equal weightWells said the composite materials company is being “unfairly punished,” a","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"gpt_icon":1},{"id":"2433778947","title":"Reddit (RDDT) Q1 Earnings Beat Estimates, Revenues Up Y/Y","url":"https://stock-news.laohu8.com/highlight/detail?id=2433778947","media":"Zacks","top":-1,"share":"https://ttm.financial/m/news/2433778947?lang=en_us&edition=fundamental","pubTime":"2024-05-08 22:05","pubTimestamp":1715177100,"startTime":"0","endTime":"0","summary":"Reddit RDDT reported first-quarter 2024 adjusted earnings of 29 cents per share, which beat the Zacks Consensus Estimate by 2.63%.Including stock-based compensation of $595.5 million, the GAAP loss was $8.19 per share, much wider than the $1.05 reported in the year-ago quarter.Revenues of $243 million surpassed the Zacks Consensus Estimate by 14.62%. The figure jumped 48.4% year over year. Ad revenues increased 39% year over year to $222.7 million. Other revenues surged 454% year over year to $20 million, driven by new data licensing agreements, including Google.Daily Active Uniques  increased 37% year over year to 82.7 million. U.S. DAUq jumped 45% year over year to 41.5 million, while International DAUq increased 30% year over year to 41.2 million.Weekly Active Uniques  surged 40% year over year to 306.2 million. U.S. WAUq jumped 53% year over year to 151.3 million, while International WAUq increased 30% year over year to 154.9 million.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/uN.CRU9NYRI78Xh..I_Dmw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/19e025edc67d0231b408370725a10f26","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/uN.CRU9NYRI78Xh..I_Dmw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/19e025edc67d0231b408370725a10f26"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-rddt-q1-earnings-beat-140500730.html","is_publish_highlight":false,"gpt_icon":0},{"id":"2433729584","title":"Reddit’s bright first earnings report sends shares soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=2433729584","media":"The Australian Financial Review","top":-1,"share":"https://ttm.financial/m/news/2433729584?lang=en_us&edition=fundamental","pubTime":"2024-05-08 21:22","pubTimestamp":1715174520,"startTime":"0","endTime":"0","summary":"Reddit shares jumped as much as 16 per cent in premarket trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first resu","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.afr.com/world/north-america/reddit-s-bright-first-earnings-report-sends-shares-soaring-20240508-p5hl21","is_publish_highlight":false,"gpt_icon":0}],"profile":{"websiteUrl":"http://www.reddit.com","stockEarnings":[{"period":"1week","weight":0.1203},{"period":"1month","weight":0.1138},{"period":"3month","weight":0.5118},{"period":"ytd","weight":0.5118}],"compareEarnings":[{"period":"1week","weight":0.0337},{"period":"1month","weight":-0.0029},{"period":"3month","weight":0.0379},{"period":"6month","weight":0.1738},{"period":"1year","weight":0.2586},{"period":"ytd","weight":0.0881}],"compareStock":{"symbol":"SPY","name":"SPDR S&P 500 ETF Trust"},"exchange":"NYSE","name":"Reddit","nameEN":"Reddit"},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"pagemeta":{"title":"Reddit(RDDT),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","description":"Find the latest Reddit(RDDT) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","keywords":"Reddit,RDDT,Reddit股票,Reddit股票老虎,Reddit股票老虎国际,Reddit行情,Reddit股票行情,Reddit股价,Reddit股市,Reddit股票价格,Reddit股票交易,Reddit股票购买,Reddit股票实时行情,购买美股,购买港股,港股开户,美股开户,美股交易,港股交易,开通美港股账户,老虎国际行情","social":{"og_title":"Reddit(RDDT),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","og_description":"Find the latest Reddit(RDDT) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","og_image":"https://community-static.tradeup.com/news/9b6dafd60190235ae8e2c95f52c583a0"}}}

Introduction