Reddit Inc Class A Shares

RDDT: XNYS (USA)
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Reddit Earnings: Monetization Momentum and International User Growth Drive Outperformance

Reddit delivered a solid third quarter, as revenue grew 68% year over year to $585 million, on the back of strong monetization and healthy user growth. Adjusted EBITDA margins exceeded consensus expectations, clocking in at 40%, helping Reddit achieve its 2024 IPO margin targets.

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