Reddit reports the earnings of the second quarter that play sales and orientation

Be Modified The shares jumped 15% after reporting earnings in the second quarter, which play sales and orientation on Thursday.

Here is how the company did compared to Lsen estimates:

• Share each earnings: 45 cents vs. 19 cents expected
• Revenue: $ 500 million vs. $ 426 million are expected

Reddit sales increased by 78% year-on-year and estimates of 17% of the agreement, representing the greatest beat over its short history Public company. Net income entered $ 89 million in the second quarter compared to net loss of $ 10 million Second quarter of last year Due to the costs associated with the IPO.

The company has said that the third quarter income will be in the 545 million dollars of $ 545 million, before 473 million dollars before Wall Street.

EBITDA Adapted to $ 185 million in the third quarter is projected between $ 195 million, Streetaccount before $ 160 million estimates.

Reddit said that daily global active active users rose by 21% year-on-year, up to 109.4 million, before estimating 109 million.

The company said the average number of secondary income per user is $ 4.53, estimates of calculations of $ 3.90.

The second quarter of the US $ quarter was $ 409 million, PlaceCCount prior to $ 335 million estimates. The international income was $ 91 million in quarter, projected guns compared to $ 89 million.

“Other income”, which includes Reddit Data licensing businessHe jumped 24% year-on-year to $ 35 million.

In the second quarter of Daq’s second quarter, it rose by 17% in 49.3 million, and Daq jumped from 24% to 61.1 million.

Reddit CEO Steve Huffman said the company is a letter with a tool with AI-Powered Reddit tool. proj In December, it currently has 6 million users, from the last quarter of the million. Reddit’s answers will be expanded around the world and the company will be “deeper about the search experience, and searching for the central feature of Reddit,” Huffman wrote in the letter. Huffman did not specify when the red answers will appear in detail.

“Recently, we celebrated Reddit’s 20. YearAnd I’m never excited before today, he wrote “Huffman”. It is evolving the Internet, and our mission as a community platform for the human connection is more critical. “

Huffman said to focus on “press the most pressed”, reddit “excluding some initiatives,” is working in the user’s economy “. Initial Reddit 2024 IPO PROSPECTUS icke The company’s efforts could be similar to the efforts to build the business economics business, games and online marketing roblox and Facebook Marketplace.

Google distribute Strong results in quarter profit Quarterly profit results hit the top and bottom line last week Meta Last quarter earnings, which ones were version Wednesday.

Next week, Linen Will report quarterly earnings on Tuesday Pinterestthat will notify you on Thursday.

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