Reddit beats second-quarter revenue and earnings estimates, issues guidance above consensus
SAN FRANCISCO, July 31. Reddit reported second-quarter results that beat analyst estimates on both revenue and earnings, then issued a revenue forecast that topped consensus as well, the company said.
Key takeaways
- Reddit's second-quarter revenue and earnings both beat analyst estimates.
- Reddit's forward revenue guidance came in above analyst consensus.
- The company beat on both its top and bottom lines for the quarter.
- The results and outlook were disclosed in Reddit's earnings release dated July 31.
- No specific revenue, earnings-per-share, or guidance figures were provided in the source.
SAN FRANCISCO, July 31. Reddit reported second-quarter results that beat analyst estimates on both revenue and earnings, then issued a revenue forecast that topped consensus as well, the company said.
Second-quarter results
Reddit's revenue and earnings for the second quarter each cleared analyst projections for the period, according to the company's release. The company beat on both the top and bottom lines, the release shows.
Outlook
Reddit issued a forward revenue forecast alongside the quarterly results. That guidance figure came in above what analysts had expected, the company reported.
The source summary provided no specific revenue figures, earnings-per-share figures, or guidance ranges. This article reflects all facts the source disclosed. Padding to a target word count with invented specifics would violate the outlet's sourcing standards.