Reddit forecasts strong revenue as AI tools drive ad sales
Q4 revenue rose 70% to $726 million, beating estimates of $665.4 million. Its earnings per share of $1.24 also exceeded estimates of 94 cents. Daily active unique visitors rose 19%, to 121.4 million in the quarter ended December 31, while its global average revenue per user increased by 42%.
Q4 revenue rose 70% to $726 million, beating estimates of $665.4 million. Its earnings per share of $1.24 also exceeded estimates of 94 cents. Daily active unique visitors rose 19%, to 121.4 million in the quarter ended December 31, while its global average revenue per user increased by 42%.
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