Reddit shares soar 22% on earnings beat and better-than-expected forecast
Publishing timestamp: 2024-10-29 20:08:49
Summary
Reddit reported strong third-quarter financial results, beating analyst estimates and issuing an optimistic forecast for the fourth quarter. The company's revenue and daily active users grew significantly, leading to a jump in its stock price. CEO Steve Huffman highlighted the company's milestones and opportunities for growth.
Sentiment: POSITIVE
Tickers: RDDT,
Keywords: reddit inc, earnings, technology, internet, business news, breaking news: technology, social media,
Source: https://www.cnbc.com/2024/10/29/reddit-rddt-q3-2024.html