Bamboo
Bamboo
February 13, 2025 at 09:10 AM
Reddit (RDDT) stock was down 13% in pre-market trading on Thursday, after falling as much as 18% late Wednesday after the company's mixed fourth quarter earnings results failed to meet investors' high expectations. Here's what to know: - The social media platform's fourth quarter revenue rose more than 70% from the prior year to $427.7 million - On the flip side, Reddit's diluted earnings per share of $0.36 fell below analysts' estimates of $0.48. - Reddit's daily active users in the December quarter hit 101.7 million, up nearly 40% from 2023 but less than the 103.8 million expected. https://finance.yahoo.com/news/reddit-stock-tumbles-as-daily-active-users-fall-short-of-estimates-185728403.html
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