Reddit stock dives on daily active user miss

Wed, Feb 12, 2025, 1:44 PM

Reddit (RDDT) shares tumbled after reporting its fourth quarter number of daily active users, a key metric for the social media company, that was lower than Wall Street expected. However, Reddit's earnings results beat on the top and bottom lines, with revenue at $427.7 compared to the $405.5 expected and net income at $71 million versus estimates of $46.9 million.

Julie Hyman and Josh Lipton outline what investors need to know about the earnings print.

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