Reddit reported second-quarter results that beat expectations, with earnings per share of $1.25 versus the 95 cents estimated, and revenue of $805 million versus the $730 million expected. Revenue rose 61% year-over-year for an eighth straight quarter, and net income more than doubled to $253 million. The company guided for third-quarter revenue of $860 million to $870 million, above the $828 million analyst consensus. Daily active unique users reached 130.3 million, up 18% year-over-year.
Source: Read the original article
