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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Reddit News

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.

Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says -- A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its US growth.

These dividend stocks appear to be cheap and offer safe and growing dividend income. The post These 3 Dividend Stocks Are on Sale Now appeared first on The Motley Fool Canada.Jim Cramer Says “Hang On To Stocks” and Recommends 10 Stocks

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit shares soar as earnings show advertising, AI licensing revenue potentialExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »