Rddt Stock : l'analyse économique

Reddit reported first-quarter earnings and revenue that exceeded Wall Street expectations. Rddt Stock s'impose comme l'un des sujets qui mobilisent l'attention en Canada ce jeudi.

Les faits

• Reddit reported first-quarter earnings and revenue that exceeded Wall Street expectations.
• Reddit reported first-quarter earnings and revenue that beat analyst estimates.
• The company said second-quarter sales should come in the range of $715 million to $725 million, while analysts were looking for $712 million.
• Revenue jumped 69% from a year earlier, continuing a strong trend for online advertising companies after Meta and Alphabet reported their fastest growth in years.
• Revenue jumped 69% in the quarter from $392 million a year earlier, Reddit said in an earnings release.

L'essentiel

Dans le détail, Reddit reported first-quarter earnings and revenue that beat analyst estimates.

Sur le fond, the company said second-quarter sales should come in the range of $715 million to $725 million, while analysts were looking for $712 million.

Concrètement, Revenue jumped 69% from a year earlier, continuing a strong trend for online advertising companies after Meta and Alphabet reported their fastest growth in years.

Au-delà de ce constat, Revenue jumped 69% in the quarter from $392 million a year earlier, Reddit said in an earnings release.

Reste à préciser que Net income soared to $204 million, or $1.01 per share, from $26 million, or 13 cents per share, a year ago.

Les chiffres

À noter par ailleurs : Reddit said second-quarter sales should be in the range of $715 million to $725 million, ahead of analyst estimates of $712 million.

Plus précisément, Adjusted earnings will be between $285 million and $295 million, topping the $276 million average estimate.

Dans la foulée, when you look across the more than 300 publicly traded tech companies, there's only one that combines this type of growth, profitability and efficiency, and that's Reddit.

À ce stade, Reddit's global daily active unique users, or DAUq, rose 17% year-over-year to 126.8 million for the quarter, ahead of analyst estimates of 125.9 million.

Le contexte

Reste à préciser que the company's U.S. specific DAUq came in at 53.5 million in the first quarter, representing a 7% year-over-year increase.

À noter par ailleurs : Huffman told analysts that Reddit now has a "goal is to reach 100 million daily U.S. users and are actively executing a strategy to get us there," but he did not disclose a specific timeframe.

Plus précisément, Average revenue per user, or ARPU, was $5.23, topping analyst estimates of $4.81.

Dans la foulée, the company's U.S.-specific ARPU came in at $9.63, ahead of the $8.53 that Wall Street was projecting.The social media company's "Other revenue" category, which includes its data licensing business, jumped 15% year-over-year to $39 million.

À ce stade, Reddit reported better-than-expected profit and revenue in its first-quarter earnings report on Thursday, and also issued an optimistic forecast.

Recherches associées

Plusieurs requêtes connexes accompagnent ce sujet : Reddit Stock Jumps 5% on Earnings Beat and $1 Billion Share Buyback • Evercore Says Reddit is an “AI Sleeper”: Why the $320 Price Target Might Be Real • Graphique action Reddit - Cours action RDDT • RDDT STOCK NOTICE: Reddit, Inc. Investors are Notified the Company is being Sued for Fraud and to Contact BFA Law by August 18 • REDDIT INC (RDDT) - Cours Action | US75734B1008 - Cotation NEW YORK STOCK EXCHANGE, INC. • Voici pourquoi l'action Reddit s'est envolée de plus de 17 % après la publication de ses résultats et de ses prévisions pour le deuxième trimestre.

À retenir

• The company said second-quarter sales should come in the range of $715 million to $725 million, while analysts were looking for $712 million.
• When you look across the more than 300 publicly traded tech companies, there's only one that combines this type of growth, profitability and efficiency, and that's Reddit.
• The company's U.S. specific DAUq came in at 53.5 million in the first quarter, representing a 7% year-over-year increase.
• Recherches qui explosent : Reddit Stock Jumps 5% on Earnings Beat and $1 Billion Share Buyback, Evercore Says Reddit is an “AI Sleeper”: Why the $320 Price Target Might Be Real, Graphique action Reddit - Cours action RDDT, RDDT STOCK NOTICE: Reddit, Inc. Investors are Notified the Company is being Sued for Fraud and to Contact BFA Law by August 18.