Redit defeated all fronts, and the stock is as a result.
Redit, the company behind the popular Internet Forum, is out with its earnings for the first quarter of its financial year. Reddit has been a publicly trading company for more than a year, and has closed its latest financial year by beating revenue, earnings and whisper expectations.
Reddit Q1 2025 Income Report Today was published close to the markets. The social media company earned $ 392.4 million revenue by defeating the expectation of $ 373.33 million. Reddit’s EPS was $ 0.13/shares, which $ 0.02/shares expect and defeat $ 0.10/shares whisper number.
Redit’s co-founder and CEO Steve Hafman said, “More than 400 million people now come to the Reddit every week-because when you want a real opinion, you turn to the real people,” said Steve Huffman, the co-founder and CEO of Redit. “In 20 years, I have never been more excited about the future of Reddit.
Reddit (RDDT) stock was priced at $ 141.50 in an hourly trading after finishing the day at $ 118.68. For all its finance news in the world of tech and social media, Shacknews has covered you.
