Reddit (RDDT) Stock Soars 16% on Stellar Q1 Earnings Beat
Quick Summary First quarter revenue reached $663M, a 69% year-over-year increase, surpassing the $611M consensus Earnings per share of $1.01 significantly exceeded the 58-cent forecast Second quarter revenue projection of $715M–$725M beat the $712M analyst consensus Daily active unique users increased 17% year-over-year to 126.8M; average revenue per user climbed 44% worldwide RDDT shares jumped 16% during Friday’s premarket session after the earnings release Reddit delivered an impressive first quarter performance, crushing Wall Street projections across key financial metrics. The social platform reported revenue of $663 million, representing a 69% surge from the $392 million recorded in the same period last year. Earnings per share reached $1.01, substantially outpacing the 58-cent analyst consensus. $RDDT Q1’26 EARNINGS HIGHLIGHTS Revenue: $663M (Est. $609M) ; +69% YoY EPS: $1.01 (Est. $1.09) ; +677% YoY DAUq: 126.8M (Est. 126.7M) ; +17% YoY ARPU: $5.23; +44% YoY ...