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Reddit Inc. (NYSE:RDDT) is one of the 10 Stocks With Remarkable Gains.
Reddit snapped a three-day losing streak on Friday, as investors cheered its stellar earnings performance in the first quarter of the year, with profits skyrocketing by nearly 700 percent.
In an updated report, Reddit Inc. (NYSE:RDDT) said that its net income increased by 680 percent to $204 million from only $26 million in the same period last year, on the back of strong advertising revenues for the period.
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Total revenues increased by 69 percent to $663 million from $392 million year-on-year, on the back of a 74-percent jump in advertising sales, at $625 million.
Daily active uniques (DAUq) also increased by 17 percent year-on-year to 126.8 million from 108.1 million in the first quarter of 2025.
Following the results, Reddit Inc. (NYSE:RDDT) issued a growth outlook of 43 to 45 percent in revenues for the second quarter of the year, to a range of $715 million to $725 million, versus $500 million in the same period last year.
Adjusted EBITDA is expected to be $285 million to $295 million, or an implied jump of 70.6 percent to 76.6 percent from the $167 million posted in the same period last year.
“Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation. That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI,” Reddit Inc. (NYSE:RDDT) CEO Steve Huffman said.
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