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Reddit crushed Q2 expectations with $500M revenue (+78% YoY), $167M EBITDA, and $0.45 EPS versus consensus forecasts, proving skeptics wrong. Reddit became the #1 most cited domain for AI training, monetizing authentic human conversations through $35M data licensing revenue growth. Reddit Answers exploded from 1M to 6M users in one quarter, transforming Reddit from a Google-dependent traffic recipient to a search destination.
Reddit COO Jen Wong discusses how the company is positioning itself in search using AI and what it could mean for advertisers. Wong joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech.
CEO Huffman wants to expand Reddit Answers to capitalize on increasing demand for Reddit results.
RDDT posts a strong Q2 with EPS of 45 cents and 78% revenue growth, fueled by surging ad sales and global user expansion.
U.S. equities plunged at midday on a weaker-than-expected jobs report and President Donald Trump's announcement of new tariffs. The Nasdaq lost nearly 2%, and the Dow Jones Industrial Average and S&P 500 slid more than 1%.
Analysts are raising their Reddit price targets and reiterating their buy ratings after the social-media platform's better-than-expected second-quarter results.
Shares of Reddit Inc (NYSE:RDDT) have surged this morning, after the social media platform posted adjusted second quarter earnings of $0.45, easily ahead of the $0.19 that was expected.
It's an understatement to say that Reddit had an excellent second quarter. On Thursday, July 31, the social media company reported a boost in revenue from $281 million to $500 million—a 78% increase year-over-year (YOY).
Live Updates Live Coverage Has Ended 80% of Major AI Companies are Cloudflare Customers 5:52 pm That’s something CEO Matthew Prince just noted on today’s conference call. First Analyst Quote... 5:26 pm “Congratulations on a really solid quarter. Definitely it looks like the engine is back to running full speed here.” The key theme around Cloudflare’s earnings is whether Wall Street believes a significant reacceleration is happening. Quotes like this are extremely bullish. More from CEO Matthew Prince 5:18 pm “Our dollar-based net retention was 114% in up 3% quarter-over-quarter. Our gross margin was 76.3%, in line with our long-term target range of 75% to 77%. We delivered an operating profit of $72.3 million, representing an operating margin of 14.1% and we generated strong free cash flow of $33.3 million during the quarter, again exceeding expectations. Cloudflare keeps innovating faster than ever and customers are voting with their wallets, you ca