Reddit Inc (NYSE:RDDT) shares are trading marginally lower on Thursday. The company is set to release its fourth‑quarter earnings report after the market close today.
- Reddit stock is holding steady today. What’s ahead for RDDT stock?
Analysts expect Reddit to post earnings of 94 cents per share on revenue of $667.29 million.
Previous Quarter Showed Strong Momentum
Last quarter, Reddit delivered a strong performance, reporting $585 million in revenue, up 68% year‑over‑year, and earnings of 80 cents per share, well above expectations.
Net income surged to $163 million, a sharp improvement from $30 million a year earlier, while adjusted EBITDA reached $236 million on 40% margins.
Reddit’s user and advertising metrics have also been …