Reddit's takes $6bn hit after Q4 earnings miss
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Reddit's stock fell 13% in after-hours trading, losing nearly $6 billion in valuation after a mixed Q4 earnings report. Despite a 70% revenue increase to $427.7 million, the results did not meet investor expectations.
February 13, 2025 | 9:00 am
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Reddit's stock dropped 13% in after-hours trading, losing nearly $6 billion in market value after a mixed Q4 earnings report. Revenue increased by 70% to $427.7 million, surpassing forecasts, but overall results disappointed investors.
The significant drop in Reddit's stock price is due to the mixed earnings report, which, despite a strong revenue increase, did not meet overall investor expectations. This led to a substantial loss in market valuation.
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