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Tuesday, June 11, 2024
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Reddit tops revenue estimates

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(Reuters) – Reddit beat quarterly revenue estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market.

The company reported revenue of $243.0 million for the first quarter, compared with analysts’ average estimate of $212.8 million, according to LSEG data.

(Reporting by Aditya Soni in Bengaluru; Editing by Pooja Desai)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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