Reddit Sees Q3 2024 Revenue $290M-$310M Vs $253M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reddit has provided its financial outlook for Q3 2024, estimating revenue between $290 million and $310 million, surpassing the $253 million estimate. Adjusted EBITDA is projected to be between $40 million and $60 million.
August 06, 2024 | 8:13 pm
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Reddit has provided a strong financial outlook for Q3 2024, with revenue estimates significantly higher than the market expectation. This positive guidance could boost investor confidence and drive the stock price up in the short term.
The revenue guidance provided by Reddit is significantly higher than the market estimate, indicating strong performance expectations. This positive outlook is likely to boost investor sentiment and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100