Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.
Revenue increased 48% to $243 million for the first quarter.Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange in New York on March 21, 2024.shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since itsRevenue climbed 48% from $163.7 million a year earlier. The company reported $222.
Reddit, which hosts millions of online forums on its platform, was founded in 2005 by Alexis Ohanian and Steve Huffman, the company's CEO.
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