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Here’s What I Got Epically Wrong About Reddit
Yahoo Finance· 2025-11-04 00:12
stockcam / iStock Unreleased via Getty Images Reddit (NASDAQ:RDDT) just released its third-quarter earnings, and the numbers paint a picture of a company firing on all cylinders. Revenue jumped 68% year-over-year to $585 million, beating analyst estimates by a wide margin. Advertising, which makes up the bulk of its business -- it now accounts for 94% of total quarterly revenue -- surged 74% to $549 million, driven by new ad formats and better targeting. Daily active users hit 116 million, up 19% from las ...