WS #13090
Reddit reported Q2 EPS $1.25 vs $0.95 est, revenue $805M vs $730M est (+61% YoY), Q3 guidance above estimates. But shares fell ~7% after hours on 'choppy' search referral traffic from Google and no new data licensing deals announced.
Reddit Q2 Beat but Shares Fall on Search Referral Concerns
Reddit reported Q2 EPS $1.25 vs $0.95 est, revenue $805M vs $730M est (+61% YoY), Q3 guidance above estimates. But shares fell ~7% after hours on 'choppy' search referral traffic from Google and no new data licensing deals announced.