Reddit Announces First Quarter 2024 Results

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Go back to Reddit Announces First Quarter 2024 Results

Reddit (RDDT) PT Raised to $61 at Roth/MKM

May 8, 2024 7:14 AM EDT

Roth/MKM analyst Rohit Kulkarni raised the price target on Reddit (NYSE: RDDT) to $61.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Reddit's shares were +15% last night after the company reported its first earnings as a public company. Accelerating user growth,... More

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

May 7, 2024 4:08 PM EDT

(Updated - May 7, 2024 4:09 PM EDT)

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... More