Reddit Sees Q4 2024 Revenue $385M-$400M Vs $356.716M Est.; Adj. EBITDA $110M-$125M
Portfolio Pulse from Benzinga Newsdesk
Reddit has announced its Q4 2024 revenue forecast to be between $385 million and $400 million, surpassing the estimated $356.716 million. The company also projects an adjusted EBITDA of $110 million to $125 million.
October 29, 2024 | 8:13 pm
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Reddit's Q4 2024 revenue forecast exceeds expectations, with a range of $385M-$400M compared to the estimated $356.716M. Adjusted EBITDA is also projected to be strong at $110M-$125M.
The revenue forecast surpasses market expectations, indicating strong financial performance. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100