{"id":14365,"date":"2024-05-07T21:37:17","date_gmt":"2024-05-07T19:37:17","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/05\/07\/reddits-first-quarterly-earnings-since-going-public-revenue-and-users-increase\/"},"modified":"2024-05-07T21:37:17","modified_gmt":"2024-05-07T19:37:17","slug":"reddits-first-quarterly-earnings-since-going-public-revenue-and-users-increase","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/05\/07\/reddits-first-quarterly-earnings-since-going-public-revenue-and-users-increase\/","title":{"rendered":"Reddit\u2019s first quarterly earnings since going public: revenue and users increase"},"content":{"rendered":"<p>Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence<\/p>\n<p>Reddit shares soared in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company<strong> <\/strong>reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong revenue and user increases boosted confidence in the company after its long-awaited public offering.<\/p>\n<p>Reddit reported a revenue of $243m during the first quarter of 2024 \u2013 an increase of 48% from the previous quarter. It also posted record user traffic, with daily active users increasing 37% to 82.7 million from the previous three months. The report comes after its initial public offering saw a positive response, with shares up 48% on the first day of trading.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/article\/2024\/may\/07\/reddit-earnings\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/637238d0ecf52ef2f0a5afe22774868655c269c8\/0_328_8192_4918\/master\/8192.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=478071a4da1d9d141b4bcf46f0167695\" title=\"Reddit\u2019s first quarterly earnings since going public: revenue and users increase\" \/>Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence<br \/>\nReddit shares soared in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong revenue and user increases boosted confidence in the company after its long-awaited public offering.<br \/>\nReddit reported a revenue of $243m during the first quarter of 2024 \u2013 an increase of 48% from the previous quarter. It also posted record user traffic, with daily active users increasing 37% to 82.7 million from the previous three months. The report comes after its initial public offering saw a positive response, with shares up 48% on the first day of trading. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence Reddit shares soared in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/05\/07\/reddits-first-quarterly-earnings-since-going-public-revenue-and-users-increase\/\"> <span class=\"screen-reader-text\">Reddit\u2019s first quarterly earnings since going public: revenue and users increase<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":14366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14365"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=14365"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/14366"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=14365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=14365"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=14365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}