Social media platform, Reddit Inc. (NYSE: RDDT) is seeing strong commercial intent across its iconic comment threads, and it's now turning that engagement into ad revenue as part of a broader monetization push.
Wall Street experienced a positive momentum as the S&P 500 marked its eighth consecutive day of gains on Thursday, climbing 0.6% to 5,604.14. This rally helped the index recover from losses incurred due to trade tariffs announced by President Donald Trump.
Online community and discussion platform Reddit (NYSE:RDDT) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 61.5% year on year to $392.4 million. On top of that, next quarter’s revenue guidance ($420 million at the midpoint) was surprisingly good and 6.6% above what analysts were expecting. Its GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.
Reddit shares are trading lower by some 9.6% during Wednesday's session. Snap's sharp stock fall Wednesday following its first-quarter earnings is weighing on peer platforms.
MrBeast sparked backlash after joking about a "100 men vs. gorilla" fight on Elon Musk's X platform, prompting PETA to criticize him for using animals in his content.
