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Yahoo Finance
Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopes
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial intelligence opportunities.
Yahoo Finance
Stock buybacks hit highest level since 2018
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
Barrons.com
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.