Reddit rises after strong Q1 revenue forecast

Reddit

06/02/2026 10:11

** Shares of Reddit RDDT.N rise 7.4% premarket after co forecast Q1 revenue above estimates

** Expects Q1 rev between $595 million and $605 million, above analysts' average estimate of $577.2 million, according to data compiled by LSEG

** Q4 rev rose 70% to $726 million, beating estimates of $665.4 million
** Co also announces its maiden share repurchase plan of up to $1 billion

** Average rating of 29 analysts is 'buy'; median price target $250 - LSEG-compiled data

** RDDT stock has sunk ~34% YTD, vs a 0.69% fall for the S&P 500 .SPX

(Reporting by Joel Jose in Bengaluru)

((mail to: Joeljose@thomsonreuters.com))