Reddit pops on earnings report, but can AI fuel future growth?

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Earnings Report,Public Debut

Shares of Reddit (RDDT) are soaring on Wednesday, driven by the company's first earnings report since its public debut. The social media platform saw a 39...

) are soaring on Wednesday, driven by the company's first earnings report since its public debut. The social media platform saw a 39% surge year-over-year in advertising revenue. Adding to the positive sentiment, Reddit's second quarter revenue guidance surpassed analysts' estimates, signaling the company's confidence in sustaining its momentum.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024.

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Reddit shares soar as earnings show advertising, AI licensing revenue potentialThe projections followed better-than-expected results for the first three months of 2024, showing that Reddit's push to grow its advertising business and...
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