Reddit forecasts third-quarter revenue above estimates-March 2024-www.financetom.com

Reddit forecasts third-quarter revenue above estimates

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Reddit forecasts third-quarter revenue above estimates

Aug 6, 2024 1:44 PM

Aug 6 (Reuters) - Reddit ( RDDT ) forecast third-quarter

revenue above Wall Street estimates on Tuesday, a sign that a

recovering digital ad market would draw new advertisers to the

social media platform.

The company said it expects third-quarter revenue to be

between $290 million and $310 million, compared with analysts'

average estimate $278.7 million, according to LSEG data.

Previous page： Enstar Group Completes Previously Announced Excess Cover Transaction With Australian Insurance Firm Next page： Rezolve AI, ChatWerk to Support E-Commerce Businesses' Connection With Customers Via Major Chat Platforms

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Enstar Group Completes Previously Announced Excess Cover Transaction With Australian Insurance Firm

Aug 29, 2024

09:54 AM EDT, 08/29/2024 (MT Newswires) -- Enstar Group ( ESGR ) early Thursday said it has completed its previously announced agreement through a wholly owned subsidiary to provide 650 million Australian dollars ($442 million) of excess coverage to subsidiaries of Insurance Australia after receiving all necessary regulatory approvals and meeting other relevant closing conditions. The excess coverage is over...

Rezolve AI, ChatWerk to Support E-Commerce Businesses' Connection With Customers Via Major Chat Platforms

Aug 29, 2024

09:59 AM EDT, 08/29/2024 (MT Newswires) -- Rezolve AI ( RZLV ) said Thursday it is collaborating with ChatWerk to support e-commerce businesses' connection with customers through major chat platforms, including Facebook and WhatsApp. The integration of Rezolve AI's ( RZLV ) Brain Commerce and Brain Checkout technology with ChatWerk's platform will support retailers' efforts to connect their shop systems...

Hovnanian Enterprises Unit Partners With Saudi Arabia's Ministry of Municipalities and Housing

Aug 29, 2024

09:55 AM EDT, 08/29/2024 (MT Newswires) -- Hovnanian Enterprises ( HOV ) said Thursday that its K. Hovnanian M.E. Investments unit has signed a memorandum of understanding with Saudi Arabia's Ministry of Municipalities and Housing to foster partnership in the real estate finance sector. Financial details of the partnership were not provided. Price: 220.65, Change: +5.40, Percent Change: +2.51 ...

Eos Energy Achieves Performance Milestones, Allowing it to Tap $30 Million From Term Loan Facility; Shares Rise

Aug 29, 2024

09:53 AM EDT, 08/29/2024 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) climbed by more than 10% in early trading Thursday after the energy storage company said it achieved all four of the first performance milestones needed for it to draw an additional $30 million from a delayed draw term loan facility with an affiliate of Cerberus Capital Management....