Reddit’s Strong Q3 Results - Yahoo Finance

Oct 30, 2024 · Reddit also had a positive operating cash flow of $71.6 million and free cash flow of $70.3 million compared to a loss of $7.7 million in net cash provided during Q3 2023 and …

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Reddit’s Strong Q3 Results - Yahoo Finance

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Oct 30, 2024 · Reddit also had a positive operating cash flow of $71.6 million and free cash flow of $70.3 million compared to a loss of $7.7 million in net cash provided during Q3 2023 and …

yahoo.com

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Reddit Shares Surge 22% As Solid Q3 Print Points To ... - Yahoo …

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Oct 30, 2024 · Reddit Inc (NYSE:RDDT) reported better-than-expected third-quarter results and provided strong guidance, sending its shares soaring more than 22% in premarket trading …

yahoo.com

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Reddit Stock Hits Record High On Robust Q3 Results And …

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Oct 30, 2024 · With daily active unique users rising 47% YOY to 97.2 million in Q3, Reddit's ad income increased 41% to $315.1 million. Income from other sources added still another $33.2 …

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Reddit Reports Q3 Earnings Beat, Raises Guidance - Yahoo Finance

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Oct 30, 2024 · While operational cash flow was $71.6 million and free cash flow remained at $70.3 million, Reddit's gross margin climbed to 90.1%, a 280-basis-point gain over the …

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RDDT’s Q3 Revenues Ride On Strong Advertising Growth - Yahoo …

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Oct 30, 2024 · RDDT’s Balance Sheet Remains Strong As of Sept. 30, 2024, Reddit had cash and cash equivalents, including marketable securities of $1.745 billion, compared with $1.7 …

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Best Q3: Reddit (NYSE:RDDT) - Yahoo Finance

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Dec 17, 2024 · The 6 social networking stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.9% while next quarter’s revenue guidance …

yahoo.com

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Reddit - Reddit Announces Third Quarter 2024 Results

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Oct 29, 2024 · Daily Active Uniques (“DAUq”) increased 47% year-over-year to 97.2 million Strong revenue growth of 68% to $348.4 million Achieved GAAP profitability with net income …

redditinc.com

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Is Reddit's (RDDT) Stock At An Inflection Point After Strong Q3 …

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Oct 30, 2024 · Reddit also had a positive operating cash flow of $71.6 million and free cash flow of $70.3 million compared to a loss of $7.7 million in net cash provided during Q3 2023 and …

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RDDT Earnings: Reddit Stock Soars 25% On Q3 Beat, First ... - Nasdaq

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This is the social media platform’s third official quarterly results since it went public on March 21, 2024.More on Reddit’s Q3 ResultsReddit’s robust results were attributed to a 47% year ...

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Is Reddit Stock Still A Buy After Surging 134% Over The ... - Yahoo …

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16 hours ago · Reddit RDDT shares have surged 134% in the trailing six-month period, outperforming the broader Zacks Computer & Technology sector’s return of 0.4% and the …

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Reddit Surges After Earnings Beat: Time To Buy? - Nasdaq

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Nov 4, 2024 · Reddit Posts Strong Q3 and Turns Profitable Reddit’s stock jumped as high as 40% on Wednesday after the company reported an EPS of $0.16 for Q3 2024, outperforming …

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Is Reddit's (RDDT) Stock At An Inflection Point After Strong Q3 …

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Oct 30, 2024 · Reddit also had a positive operating cash flow of $71.6 million and free cash flow of $70.3 million compared to a loss of $7.7 million in net cash provided during Q3 2023 and …

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Reddit Reports First Quarterly Profit - LinkedIn

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Oct 29, 2024 · 📊 Reddit, Inc. Q3: Stunning Turnaround as Platform Shows Profitable Growth 📱 Strong Numbers: EPS: $0.16 vs -$0.07 expected Revenue: $348.4M vs $312.8M expected …

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Reddit Achieves Profitability With Strong Q3 Results

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Oct 30, 2024 · In Reddit’s third quarter of 2024, the company announced a significant 68% revenue increase, reaching $348.4 million, alongside a notable rise in daily active uniques …

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Reddit (RDDT) Soars 241% Since IPO, Cramer Impressed By Strong …

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5 days ago · We recently published a list of Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) …

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Reddit Wows Retailers With Surprise Q3 Profit, Stock ... - Stocktwits

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Oct 30, 2024 · Reddit Wows Retailers With Surprise Q3 Profit, Stock Poised To Break Above $100 For First Time ... year ago. Analysts, on average, expected the company to report a loss …

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Reddit Posts Solid Increases In Users And Revenue In Q3

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Oct 29, 2024 · Reddit says that it generated $33.2 million in “Other” revenue in Q3, which includes data licensing revenue, an increase of 547% year-over-year. Among its key partnerships on …

socialmediatoday.com

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Richemont Reports Strong Performance With Sales Up 10% For Its …

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4 hours ago · AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 16 JANUARY 2025 RICHEMONT REPORTS STRONG PERFORMANCE WITH SALES UP 10% FOR ITS THIRD …

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Can Reddit's Solid Q3 Earnings & Revenue Beat Drive The Stock?

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Oct 30, 2024 · Revenues of $348.4 million surpassed the Zacks Consensus Estimate by 11.31%. The reported figure rallied 68% year over year. Reddit offered a strong fourth-quarter 2024 …

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Atlassian (NASDAQ:TEAM) - Yahoo Finance

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2 days ago · The 4 project management software stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue …

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FAQs about Reddit’s Strong Q3 Results - Yahoo Finance Coupon?

How did Reddit perform in Q3 2024?

In Reddit’s third quarter of 2024, the company announced a significant 68% revenue increase, reaching $348.4 million, alongside a notable rise in daily active uniques (DAUq) by 47% to 97.2 million. For the first time, Reddit achieved GAAP profitability with a net income of $29.9 million and a net margin of 8.6%. ...

How did Reddit perform in Q3?

After launching its IPO earlier in the year, Reddit’s online social community platform achieved significant milestones during Q3. CEO and co-founder Steve Huffman highlighted that new levels of user traffic led to peaks in revenue growth and probability. Daily Active Users (DAU) increased 47% year over year to 97.2 million. ...

How much did Reddit expect in Q4?

Reddit estimated Q4 sales between $385 million and $400 million and modified EBITDA between $110 million and $125 million. Both projections outstripped Bloomberg's consensus projections of $87 million and $356.2 million, respectively. Warning! GuruFocus has detected 3 Warning Sign with QRVO. ...

How much did Reddit's ad revenue grow in Q4?

Rising 55% year over year, advertising income exceeded experts' projected $275 million to reach $315 million. Jefferies analysts, who boosted their price objective on Reddit shares from $100 to $120, citing ongoing monetization possibilities, have noted that Reddit's ad revenue growth has now risen for the fourth straight quarter. ...

How much will Reddit's earnings be in the second quarter?

It expects adjusted earnings before interest, taxes, depreciation, and amortization to be between break-even and $15 million in the second quarter, compared with estimates for a loss of $18.2 million. With Reddit's shares at $57.67 in extended trading, the stock has surged about 70% from the price in its March IPO. ...

Did Reddit beat Wall Street estimates in Q3?

Q3 results of Reddit Inc. (NYSE:RDDT) beat Wall Street estimates thanks in large part to increased user engagement. The company, which went public in March, had its shares rise as much as 43% in New York trade Wednesday, setting a new high. Six times its three-month daily average volume, about 23 million shares had changed hands by noon. ...