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Reddit forecasts third-quarter revenue above estimates
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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.

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