Reddit, the organization responsible for the widely used online discussion platform, recently disclosed its earnings for the initial quarter of their fiscal year. Having been a publicly-traded entity for less than two years, they began their latest fiscal cycle by surpassing revenue, profit, and unofficial predictions.
reddit’s first-quarter earnings report for 2025 was released at market close today. The social media platform generated $392.4 million in revenue, surpassing the projected amount of $373.33 million. Reddit’s EPS came in at $0.13 per share, outperforming the predicted $0.02 per share and the unofficial estimate of $0.10 per share.
Steve Huffman, Co-Founder and CEO of Reddit, shared that over 400 million individuals visit the platform every week as they seek authentic opinions from genuine people. His enthusiasm about Reddit’s future has never been higher, having celebrated 20 years in operation. The company is currently expanding and strengthening the platform to better serve communities and offer unique human insights.
In an exhilarating turn of events, I found myself on the winning side as Reddit (RDDT) stock soared to a jaw-dropping $141.50 during after-hours trading. The day had ended with it sitting pretty at $118.68. Keep your fingers on the pulse for all the latest finance news in the tech and social media realm, as Shacknews is your go-to source!
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2025-05-01 23:57