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Reddit Inc stock slightly down on Thursday, set to release Q4 earnings - Analysts expect 94 cents EPS and $667.29 million revenue, last quarter saw $585 million revenue and 80 cents EPS, net income surged to $163 million.
Shares of Reddit Inc (NYSE: RDDT) are slightly down today as the company prepares to announce its fourth-quarter earnings after the market closes. Analysts predict earnings of 94 cents per share on revenue of $667.29 million. In the previous quarter, Reddit reported impressive results with revenue reaching $585 million, a 68% increase year-over-year. Earnings were 80 cents per share, surpassing expectations, and net income rose to $163 million compared to $30 million the previous year. Adjusted EBITDA hit $236 million with 40% margins. The company's user and advertising metrics have also been positive. More details can be found on Benzinga.com.