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Reddit Earnings Got a Google Boost. Why That’s Worrisome for the Stock.

Reddit Earnings Got a Google Boost. Why That’s Worrisome for the Stock.

Reddit first earnings report as a public company knocked expectations out of the park. Wall Street sees other ways, however, for Reddit to drive revenue growth beyond a rise in traffic. On Tuesday, Reddit posted March-quarter revenue that crushed estimates helped by a 37% surge in daily active unique visitors from the same period a year before.