Reddit Stock Soars 18% on Q1 Earnings Beat, Strong User, Ad Growth - Barron's
1. RDDT surpassed earnings expectations with a 13 cents profit per share. 2. Daily active users rose 31% to 108.1 million, slightly above estimates. 3. Advertising revenue increased by 61%, reaching $358.8 million. 4. Concerns over slowing daily user growth could impact future gains. 5. Stock is down nearly 50% since February high, despite recent earnings.