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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Reddit Signs $60 Million Per Year Deal For AI Training Data

$60 million per year, so far — that’s how much licensing Reddit’s vast trove of...

Tuesday, February 20, 2024, 07:40:07 AM

WallStreetBets Lawsuit Against Reddit Dismissed

A US judge has dismissed the lawsuit filed by Jaime Rogozinski, the founder of WallStreetBets,...

Wednesday, July 12, 2023, 11:33:00 AM

Reddit’s WallStreetBets Plans To Bet Against Reddit IPO

The stock-trading enthusiasts of Reddit’s popular subreddit WallStreetBets, known for backing unconventional companies and sparking...

Wednesday, March 6, 2024, 12:32:00 PM

Reddit Surprises Wall Street with Record Growth and Profit in Q3 Earnings

Reddit, Inc. (NYSE: RDDT) announced its third-quarter 2024 financial results on Tuesday, surpassing analysts’ estimates...

Tuesday, October 29, 2024, 06:29:00 PM

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