Reddit Earnings

Reddit’s Q1 earnings surpassed expectations with strong profit and revenue growth, sending its stock up over 9%. The social media platform reported $1.01 EPS and $663 million in revenue, a 69% year-over-year surge. Reddit anticipates continued sales growth and highlights its capital-light model and increasing user engagement. Data licensing deals, particularly with Google and OpenAI, are a significant revenue driver, positioning Reddit favorably in the evolving AI landscape.