Reddit Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance Drives Shares Higher

Reddit Inc (NYSE:RDDT) reported financial results for the second quarter on after the bell. Here’s a rundown of the report.

RDDT stock is on the move, climbing higher. Check the latest price here.

Q2 Earnings: Reddit reported second-quarter revenue of $499.6 million, beating the consensus estimate of $424.73 million, according to Benzinga Pro. The company reported second-quarter earnings of 48 cents per share, beating analyst estimates of 19 cents per share.

Total revenue climbed 78% on a year-over-year basis as daily active unique (DAUq) users increased 21% year-over-year ...