Reddit Q3 Earnings: Smashing Expectations

In what is a nice change of pace for earnings we’ve covered so far this earnings season, Reddit (NYSE: RDDT) has seen a massively positive response to its third quarter results.

The company saw its stock soar 24% in after hours trading, crossing the $100 line following the release of their results. We’ve covered Reddit in the past and made a bull call back when the stock was $60, over on the SmallCapSteve Channel and substack.

What’s our take on the earnings? What causing the run? And why should we care?

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Reddit Sees Q4 2024 Revenue Jump 71%, But Shares Crash On Tepid Guidance

Reddit (NYSE: RDDT) posted gains in revenue and margins for both the fourth quarter and...

Thursday, February 13, 2025, 10:44:00 AM

Redditors To Stage Blackout As Sky-High API Fees Threaten The Demise Of Third-Party Apps

A multitude of major subreddits have decided to stage a temporary shutdown as a powerful...

Tuesday, June 6, 2023, 10:32:00 AM

Why I Like Reddit as a Stock

Reddit (NASDAQ: RDDT) went public in March of 2024 at an IPO price of $34...

Friday, July 5, 2024, 02:27:50 PM

Reddit: The High Level Details Of The IPO

The popular online platform Reddit has revealed its intention to go public on the New...

Friday, February 23, 2024, 08:05:41 AM

Reddit CEO Has Already Sold Nearly Half His Shares Less Than A Week Into IPO Debut

Barely a week into going public, Steve Huffman, the Chief Executive Officer and President of...

Thursday, March 28, 2024, 09:41:53 AM