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Reddit Turns a Profit as User Gains Boost Revenue

1. Reddit reports 78% year-over-year revenue growth and strong EPS. 2. Ad revenue increased by 84%, exceeding analyst expectations. 3. Average daily active users grew by 21%, reaching 110.4 million. 4. CEO highlights international expansion and user engagement boosts. 5. Projected current-quarter revenue forecast ranges from $535M to $545M.

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FAQ

Why Very Bullish?

Strong revenue and profit growth indicates positive market sentiment, similar to tech recoveries.

How important is it?

Robust financial results present a solid growth narrative, likely influencing investor appetite.

Why Short Term?

Immediate investor reactions to profit reports and user growth usually yield short-term gains.

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