Reddit, Inc. (RDDT) Reports Q1 Net Loss of $575.1M, EBITDA of $10M, Offers Guidance

Reddit, Inc. (NYSE: RDDT) reported Q1 Net Loss of $575.1M. Revenue for the quarter came in at $243 million, Adjusted EBITDA of $10M.

For the second quarter of 2024, the company estimates:

• Revenue in the range of $240 million to $255 million
• Adjusted EBITDA in the range of $0 to $15 million

For earnings history and earnings-related data on Reddit, Inc. (RDDT) click here.

You May Also Be Interested In

• EU proposes to curb Airbnb and short-term rentals amid housing shortage
• Bernstein SocGen Group Reiterates Outperform Rating on Zydus Lifesciences (ZYDUSLIF:IN)
• JPMorgan Downgrades Woolworths Holdings Ltd (WHL:SJ) to Underweight