Reddit Inc (NYSE:RDDT) reported fourth-quarter financial results on Thursday after the market close. Here’s what you need to know from the report.
- Reddit stock is moving after earnings. Why is RDDT stock trending?
Reddit Exceeds Analyst Estimates In Q4
Reddit reported fourth-quarter revenue of $725.61 million, beating the consensus estimate of $665.44 million, according to Benzinga Pro. The company posted fourth-quarter earnings of $1.24 per share, beating analyst estimates of 95 cents per share.
Total revenue climbed 70% on a year-over-year basis as daily active unique (DAUq) users increased 19% year-over-year to 121.4 million.
Reddit generated an operating cash flow …