Reddit's Earnings: High Stakes, High Hopes

Reddits earnings, set to drop this Thursday, have Wall Street on edge. Last quarter, they surpassed expectations with a 69.7% revenue increase to $725.6 million, and daily active users rose by 9.4% to 52.5 million. Analysts predict a 55.4% revenue growth this quarter, slightly down from last years 61.5%. Reddits peers in the consumer internet space show mixed results, with Booking Holdings on target and Courseras shares falling despite meeting expectations. Reddits history of exceeding Wall Street calls and an average analyst price target of $223.34 suggest a potential share price surge if they beat expectations. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b921503c0ad9134a