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Reddit Inc (NYSE:RDDT) reported financial results for the first quarter after the market close on Thursday. Here’s a look at the key details from the print.
- Reddit stock is trading at key levels. Where are RDDT shares going?
Reddit Q1 Highlights
Reddit posted first-quarter revenue of $663.41 million, beating the consensus estimate of $610.88 million, according to Benzinga Pro. The company reported first-quarter earnings of $1.01 per share, beating analyst estimates of 58 cents per share.
Total revenue climbed 69% on a year-over-year basis as daily active unique (DAUq) users increased 17% year-over-year to 126.8 million.
Reddit generated operating cash flow of $312 million …
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