Reddit reports the second quarter profits that overcome sales and guidance

I responded The shares jumped up to 20 % after the company reported the profits of the second quarter on Thursday, which overcame sales and guidance.

Here’s how to compare the company with LSEG estimates:

• Arrow’s profits: 45 cents against 19 cents expected
• profit: 500 million dollars for $ 426 million expected

Reddit sales grew by 78 % on an annual basis in the second quarter and were 17 % higher than unanimity estimates, represented the largest victory in its short history Public company. The net income reached 89 million dollars in the second quarter, compared to a net loss of $ 10 million in The second quarter of last year Because of the costs associated with public subscription.

The company said that the revenue of the third quarter will be in the range of $ 535 million to 545 million dollars, before the estimates of the $ 473 million.

It is expected that the modified Ebitda in the third quarter will range between 185 million dollars to 195 million dollars, before the street estimates of $ 160 million.

Redait said that the international active users of this quarter of this quarter grew by 21 % on an annual basis to 110.4 million, before the estimates of analysts of 109 million.

The company said that the average revenue of the second quarter of the user’s life was $ 4.53, as the estimates of analysts amounting to $ 3.90 are at the forefront of the analysts.

Redit’s sales in the second quarter in the United States amounted to $ 409 million, before street sensitivity estimates of $ 335 million. International revenues amounted to $ 91 million in this quarter, compared to 89 million dollars expected by the street account.

“Other revenues”, which include Reddit’s Data license business24 % jumped yearly to $ 35 million.

Dauq, which was registered in the second quarter, which was recorded in the second quarter, increased by 17 % year on an annual basis to 49.3 million, while the internationally recorded Dauq global jumped to 61.1 million.

Reddit CEO Steve Hoffman said in a letter to shareholders that the Reddit Answers tool on behalf of artificial intelligence, which is First In December, there are now 6 million weekly users, an increase of one million users. “Reddit answers will expand worldwide and the company will be” deeper into the basic search experience, making the research a central feature via Reddit, “Huffdit answers in the letter. Hoffman did not specify when the Reddit answers will expand exactly.

“Recently, we celebrated I wanted the twentieth yearHoffman wrote: “I was never enthusiastic about our actions and potentials than I am today. The Internet is developing, and our role as a platform works in society for human communication has become more important only.”

Hoffman said that in order to focus on “the most urgent needs”, Reddit is “removing some initiatives”, including “its work in the user’s economy.” I replied the first 2024 Public subscription bulletin detailed The company’s efforts to build a user economy, which can include games and online markets closer to Roblox and Facebook Marketplace.

Google to publish Strong quarterly profit results The results of the quarterly profits last week that overcame the summit and the end result, similar Dead The last quarterly profits, which were Absolute Wednesday.

next week, pop He will be reported on Tuesday’s quarterly profits PinterestWhich will make reports on Thursday.

He watches: The alphabet looks really good.