Reddit Inc (NYSE:RDDT) reported better-than-expected fourth-quarter financial results on Thursday after the market close.
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.
“We’re entering the next era of Reddit — defined by sharper execution, global expansion, and product innovation that puts real people and conversations at the center,” said Steve Huffman, co-founder and CEO of Reddit. “Our focus is on turning Reddit’s authenticity into even more everyday utility.”
Reddit expects first-quarter revenue to be …