Reddit reports strong sales and issues optimistic guidance
Publishing timestamp: 2025-05-01 20:06:39
Summary
Reddit reported better-than-expected first-quarter revenue and guidance, with revenue beating Wall Street estimates. The company is well-positioned to navigate challenges and opportunities in the ever-shifting macro environment. Reddit's user growth has been driven by Google search changes and internal site improvements, with a focus on converting logged-out users to logged-in users. Other tech companies like Meta and Snap are also navigating macroeconomic uncertainties in the online advertising sphere.
Sentiment: POSITIVE
Tickers: RDDT, META, PINS, SNAP, GOOG,
Keywords: alphabet inc, technology, alphabet class c, business news, internet, social media, snap inc, reddit inc, breaking news: technology, meta platforms inc, pinterest inc, mobile,
Source: https://www.cnbc.com/2025/05/01/reddit-rddt-q1-2025.html