Reddit turns second quarterly profit since IPO as daily active unique users top 100 million for the first time
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Reddit reported its second quarterly profit since its IPO, with daily active unique users surpassing 100 million for the first time. Despite better-than-expected fourth-quarter earnings and revenue, Reddit's shares fell in extended trading.
February 12, 2025 | 9:30 pm
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Reddit reported strong fourth-quarter earnings and revenue, marking its second quarterly profit since IPO. Daily active users exceeded 100 million. However, shares fell in extended trading.
Despite Reddit's strong financial performance and user growth, the decline in share price suggests investor concerns or profit-taking. The fall in extended trading indicates a negative short-term sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100