Reddit shares rally 11% in premarket trading after first quarterly results post IPO
Reddit shares rally 11% in premarket trading after first quarterly results post IPO

Great Success for Reddit!

Very nice! Reddit shares very nice 11% rally in premarket trading after releasing first quarterly results since IPO. I like you like we all like the stonks going up!

High Five for Revenue!

Wah wah wee wah! Reddit reports revenue of $243 million which is much success. Revenue climb 48% like time I climb rope in primary school!

Ads My Wife!

Reddit's ad revenue up 39% year over year! This faster than speedy Gonzales very nice! Other big tech companies like Meta Amazon and Google also making big money from ads but Reddit not far behind!

I Like Reddit Not Loss

But wait there is mild bad news. Reddit reports net loss of $575.1 million like if I lose my bag of sunflower seeds. Stock based compensation expenses very high like if I compensate my village to dance for me.

Future's Bright Like Neon Bikini!

Reddit expects revenue to keep rising around $240 255 million for next quarter. This good news like when I find cheese in my pocket. Users grow revenue grow everybody happy!


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