Reddit rises on strong Q2 forecasts

Reddit

30/04/2026 23:33

** Social media company Reddit's RDDT.N shares rise 11.2% to $163.69 in extended trading

** Co's Q2 revenue forecast of $715 million to $725 million exceeds the LSEG-compiled analysts' avg est of $711.6 million

** Co expects Q2 adjusted earnings before interest, taxes, depreciation and amortization of $285 million to $295 million, above estimates of $277.1 million

** Reports Q1 revenue of $663 million, beating estimates of $610.9 million

** As of last close, stock down ~36% this year

 (Reporting by Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))