Story thread · 4 reports / 2 sources

Reddit just beat its numbers. Its stock fell 20% anyway, because of Google.

thenextweb.com · 8dShare

Reddit just had a blockbuster quarter. Revenue rose 61% to $805 million. Profit more than doubled. Daily users climbed 18%. Then the stock fell more than 20%. The numbers were not the problem. Google was. Investors looked past the beat and fixed on one line from CEO Steve Huffman: search referrals had been “choppy.” Reddit’s […] This story continues at The Next Web

First report: Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints — finance.yahoo.com, 11d