Reddit's Second-Quarter Revenue Skyrockets 78%, Shares Jump 20% in After-Hours Trading
3 week ago / Read about 0 minute
Author:小编   

Reddit's second-quarter revenue surged to an impressive $500 million, marking a year-over-year growth of 78%, accompanied by a turnaround in net profit to $89 million. The platform's daily active user base expanded to 110.4 million, representing a 21% increase from the previous year. The company's revenue guidance for the third quarter exceeded expectations, propelling its shares to a 20% increase in after-hours trading.