Reddit (NASDAQ: RDDT) reported impressive fourth-quarter earnings, with revenues of $726 million and an EPS of $1.24, exceeding forecasts and bolstered by a $1 billion share repurchase program. However, shares fell 7% post-announcement due to investor worries about decelerating user growth in the U.S. and increased skepticism surrounding user metrics. As Reddit projects first-quarter revenues of $595 million to $605 million, stakeholders are encouraged to assess the company's capacity to maintain user engagement and financial momentum in a competitive landscape.
“$RDDT is up over 8% in the pre market after a double beat and better-than-expected outlook.”
“Wild swings in $RDDT since reporting earnings as the stock is now down 7% as we head into the close - the Stocktwits community is extremely bullish.”
“$RDDT is up over 8% in the pre market after a double beat and better-than-expected outlook https://t.co/4wDTYhLgR2”
“Reddit stock pops on earnings beat, strong guidance and $1 billion buyback”
“$RDDT since reporting earnings as the stock is now down 7% as we head into the close”
“REDDIT $RDDT EARNINGS: Slightly higher on double beat and $1B buyback ‣ EPS $1.24 vs $0.94 Est 🟢”
“REDDIT $RDDT EARNINGS: Slightly higher on double beat and $1B buyback ‣ Rev $726M vs $666M Est 🟢”
“Reddit stock pops on earnings beat, strong guidance and $1 billion buyback”
“REDDIT $RDDT EARNINGS: Slightly higher on double beat and $1B buyback ‣ EPS $1.24 vs $0.94 Est 🟢 ‣ Rev $726M vs $666M Est 🟢”
“REDDIT $RDDT EARNINGS: Slightly higher on double beat and $1B buyback”
“Reddit (NYSE:RDDT) has authorized a US$1b share repurchase program alongside its latest Q4 earnings update. The company reported record profitability and strong revenue for the quarter, with management pointing to growing advertiser interest.”
“At the same time, the company is signaling that it wants to play a larger role in the broader online advertising and technology ecosystem.”
