Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours (Ashley Capoot/CNBC)

Posted on May 7, 2024
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Ashley Capoot / CNBC:
Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours — Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024.

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