🚀 Since its IPO, $Reddit(RDDT)$ has skyrocketed by an incredible 132%! The latest Q3 earnings alone shot up by 41.97% – a true meme machine and the main stage for WallStreetBets! Did you catch this wave of gains?
✨ Investors are posting jaw-dropping results, like a massive 172% profit and $60k in earnings!
💡 Curious about what’s fueling these wild returns? Let’s dive in!
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Reddit's Q3 results shattered expectations with revenue up 68% year-over-year and daily active users (DAUs) rising 47%, boosting shares by 20%. Despite having around 100 million DAUs (compared to Meta’s 2 billion), Reddit’s rapid growth signals vast untapped potential.
Reddit is also diversifying its revenue streams beyond ads, expanding into data licensing and building an e-commerce ecosystem. This user growth is driving ad impressions and revenue.
International growth is another focus: half of Reddit's users are outside the U.S., and it’s seeing strong DAU and ARPU growth in markets like France, India, the U.K., and the Philippines. AI-powered translation helps connect users in their own languages, breaking down barriers and fostering a more connected global community.
As Reddit continues its growth streak, it begs the question:
Is there more upside for $RDDT, or will it fill the gap?
Can community spirit and cash go hand-in-hand? 💰💬
Drop your thoughts below! 👇
🎁Rewards：
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Comments
RDDT feels like META in 2013 – still unlocking ad growth, e-commerce, and premium features . With 97.2M DAUs (up 47% YoY) and revenue up 68%, Reddit’s community-driven engagement is ideal for hyper-targeted ads.
Plus, the Oct 30th volume spike suggests renewed market interest. The next social media titan?
It seems to be that $rddt is a derivative of $goog. Between the data share deal and prioritization of Reddit in SERPs, if Google loses, how does Reddit not?