Reddit reports strong Q2 earnings with revenue and EPS beats, and Q3 guidance above expect
Reddit reports strong Q2 earnings with revenue and EPS beats, and Q3 guidance above expectations. Despite a 22.6% drop, author attributes to false narratives.
“$RDDT ER in a nutshell: Revenue: $804.9M vs. $730.4M (expected). EPS: $1.25 vs. ~$0.95. Net income: $252.8M vs. $196.5M Q3 guidance: Revenue: $860–870M vs. 829.1M Adjusted EBITDA: $385-395M vs. $369M Blowout financials, market always like to explain the drop 22.6% off some new BS narrative. Last quarter: "AI will disrupt Reddit causing revenue loss!" This quarter: "See, DAU fell .6%!" (proceeds to ignore any revenue/profitability growth)”Original post：X / @aleabitoreddit ↗