Скачать или смотреть Reddit's shares surged nearly 20% with the first post-IPO earnings report, as revenue up by 39%

Reddit's showed a surge of nearly 20% in its shares during extended trading. Key highlights include a loss per share of $8.2 (compared to an expected $8.7 loss), revenue of $243 million (beating the expected $213 million), and a 48% revenue increase from the previous year, with ad revenue up by 39%. Despite a net loss of $575 million, attributed partly to IPO-related expenses, Reddit remains optimistic. It forecasts second-quarter revenue between $240 million to $255 million, indicating a 32% growth from the previous year. The company, founded in 2005, saw its stock surge past $58 after its IPO priced at $34 per share, valuing it at $6.5 billion. Reddit boasts 83 million daily active users, exceeding expectations, with a global average revenue per user rising to $2.9.