05:12 PM EDT, 05/07/2024 (MT Newswires) -- Reddit ( RDDT ) reported Q1 net loss Tuesday of $8.19 per diluted share, compared with a loss of $1.05 a year earlier.

Analysts polled by Capital IQ expected a loss of $6.32.

Revenue for the quarter ended March 31 was $243.0 million, up from $163.7 million a year earlier.

Analysts surveyed by Capital IQ expected $214 million.

The company said it expects Q2 revenue of $240 million to $255 million. Analysts polled by Capital IQ expected $227.5 million.

Reddit ( RDDT ) shares were up about 10% in recent after-hours activity.

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