Loading...
Market
Reddit's Gross Margin in Q3 2024
4
Resolution / Starting Odds
Less than 85% • 25%
85% to 89% • 25%
90% to 94% • 25%
95% or more • 25%
Next quarterly earnings report from Reddit
Story
Reddit's First Earnings Post-IPO: Revenue Up 48% to $243M, Stock Rises 15.8%
May 7, 2024, 08:14 PM
Reddit, following its recent initial public offering, has reported its first quarterly earnings with significant results. The company's revenue surged by 48% year-over-year to $243 million, driven by a 39% increase in advertising revenue which reached $222.7 million. Despite these gains, Reddit posted a net loss of $575.1 million, a substantial increase from the previous year's $60.9 million. The earnings per share (EPS) beat expectations at $0.30, and the gross margin improved by 500 basis points to 88.6%. Following the earnings release, Reddit's stock price saw a notable increase, with shares up by approximately 15.8% in after-hours trading.
View original story
Similar markets
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Increase > 20% • 25%
Increase 10-20% • 25%
Increase < 10% • 25%
No change or decrease • 25%
Increase by more than 10% • 33%
Increase by 5% to 10% • 33%
Less than 5% increase or decrease • 34%
Yes • 50%
No • 50%
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease or no change • 25%
Top 5 • 25%
Top 10 • 25%
Top 15 • 25%
Below Top 15 • 25%
Increase in revenue • 50%
No significant change • 25%
Decrease in revenue • 25%
Increase more than 30% • 25%
Increase 15-30% • 25%
Increase less than 15% • 25%
Decrease or no change • 25%