Reddit's fiscal first quarter revenue and fiscal second quarter revenue guidance were both better than expected
2024-05-08 05:52:37
On May 8, Reddit reported revenue of $243 million in the first fiscal quarter, and analysts expected $211.90 million; adjusted earnings before interest and tax of $10 million in the first fiscal quarter; DAU 82.70 million in the first fiscal quarter, and analysts expected 77.35 million; average revenue per user of $2.94 in the first fiscal quarter, and analysts expected $2.75; expected revenue of $240 million-255 million in the second fiscal quarter, and analysts expected $228 million.
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