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!
sherrie_cl2
I like! I cheer for the stonks to rise!