"Performance" Reddit's quarterly results and guidance both exceeded expectations, with the stock price rising 4% in after-hours trading

AASTOCKS
2026.02.05 21:16

Social media company Reddit (RDDT.US) announced that its fourth-quarter revenue grew 70% year-over-year to $726 million, exceeding expectations of $665 million; net profit was $252 million, an increase of nearly 255% compared to the same period last year, with earnings per share of $1.24, higher than the expected $0.94. The stock price rose over 4% in after-hours trading on Thursday.

Global daily active users (DAU) grew 19% year-over-year in the fourth quarter to 121 million, surpassing Wall Street's expectation of 120 million. The company also announced a $1 billion share repurchase plan.

The company stated that it expects first-quarter sales to be between $595 million and $605 million, higher than Wall Street's expectation of $577 million. Adjusted earnings for the first quarter are expected to be between $210 million and $220 million, also above the forecast of $203 million

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