business
informative
update

Reddit exceeds revenue expectations amid economic uncertainty

2025-05-02 00:00
American social news aggregation website and discussion portal
  • Reddit's first-quarter revenue reached $392 million, surpassing expectations.
  • DAU count rose 31% year-over-year to 108.1 million, reflecting strong user engagement.
  • Despite economic uncertainties, Reddit remains optimistic about future sales and growth.

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Insights

In the United States, Reddit recently reported its first-quarter earnings, which showed that the company's revenue surpassed Wall Street expectations. The revenue for Q1 reached $392 million, indicating a significant 61% increase compared to the same period last year when it was $243 million. This growth in revenue can be attributed to both user growth and improved average revenue per user (ARPU), which rose by 23% to $3.63 during the quarter. The company also reported a profit of $0.13 per share, greatly exceeding analysts' projections of $0.01 per share.

Contexts

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