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Reddit Q2 Net Loss Narrows, Revenue Rises; Q3 Revenue Outlook Set
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Reddit Q2 Net Loss Narrows, Revenue Rises; Q3 Revenue Outlook Set
Aug 6, 2024 2:06 PM

04:54 PM EDT, 08/06/2024 (MT Newswires) -- Reddit ( RDDT ) reported a Q2 net loss late Tuesday of $0.06 per diluted share, narrower than a loss of $0.70 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.30.

Revenue for the quarter ended June 30 was $281.2 million, up from $183 million a year earlier.

Analysts surveyed by Capital IQ expected $253.9 million.

The company said it expects Q3 revenue of $290 million to $310 million. Analysts polled by Capital IQ expected $282.3 million.

Shares of Reddit ( RDDT ) were down 4.3% in after-hours trading.

Price: 52.00, Change: -2.36, Percent Change: -4.34

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