Social media platform, Reddit Inc. (NYSE: RDDT) is seeing strong commercial intent across its iconic comment threads, and it's now turning that engagement into ad revenue as part of a broader monetization push.
Wall Street experienced a positive momentum as the S&P 500 marked its eighth consecutive day of gains on Thursday, climbing 0.6% to 5,604.14. This rally helped the index recover from losses incurred due to trade tariffs announced by President Donald Trump.
Online community and discussion platform Reddit (NYSE:RDDT) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 61.5% year on year to $392.4 million. On top of that, next quarter’s revenue guidance ($420 million at the midpoint) was surprisingly good and 6.6% above what analysts were expecting. Its GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.
Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2025. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com.
Reddit shares are trading lower by some 9.6% during Wednesday's session. Snap's sharp stock fall Wednesday following its first-quarter earnings is weighing on peer platforms.
MrBeast sparked backlash after joking about a "100 men vs. gorilla" fight on Elon Musk's X platform, prompting PETA to criticize him for using animals in his content.
