Particle.news
Download on the App Store
7 ARTICLES
·
last wk.

Reddit Surpasses Q1 Expectations with 61% Revenue Growth and Strong Guidance

The platform's ad-driven growth and user engagement rebound fuel a 19% after-hours share surge, with Q2 revenue forecast exceeding analyst estimates.

Reddit's logo is displayed at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid/File Photo
Image
Allison Winn Scotch pictured in the dress at her brother’s wedding in 2003.

Overview

  • Reddit reported Q1 2025 earnings of $0.13 per share and $392 million in revenue, surpassing Wall Street expectations of $0.02 EPS and $370 million in revenue.
  • The company forecasts Q2 revenue between $410 million and $430 million, exceeding the $396 million consensus estimate.
  • Year-over-year, Reddit's Q1 revenue grew 61%, driven by increased digital ad spending and improved ad technology.
  • Daily active uniques rose 31% to 108.1 million in Q1, with logged-in users up 23% and logged-out users increasing by 38%.
  • Shares of Reddit surged as much as 19% in after-hours trading following the earnings report and optimistic guidance.