Reddit Inc stock slightly down on Thursday, set to release Q4 earnings - Analysts expect 94 cents EPS and $667.29 million revenue, last quarter saw $585 million revenue and 80 cents EPS, net income surged to $163 million.
Shares of Reddit Inc (NYSE: RDDT) are slightly down today as the company prepares to announce its fourth-quarter earnings after the market closes. Analysts predict earnings of 94 cents per share on revenue of $667.29 million. In the previous quarter, Reddit reported impressive results with revenue reaching $585 million, a 68% increase year-over-year. Earnings were 80 cents per share, surpassing expectations, and net income rose to $163 million compared to $30 million the previous year. Adjusted EBITDA hit $236 million with 40% margins. The company's user and advertising metrics have also been positive. More details can be found on Benzinga.com.
Source: Unusual Whales The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments