Overview

• Reddit reported Q1 revenue of $392.4 million, a 61% year-over-year increase, exceeding Wall Street estimates of $370 million.
• Earnings per share for the quarter reached $0.13, significantly surpassing the expected $0.02, marking a strong financial performance.
• The company forecasted Q2 revenue between $410 million and $430 million, above analysts' consensus of $395.5 million.
• Daily active unique visitors rose 31% year-over-year to 108.1 million, with logged-in and logged-out users both contributing to growth.
• Reddit is introducing ad placements within its comment sections, leveraging its highly engaged community to boost advertising revenue.