Reddit Investors Brace For Q3 Earnings: Higher Revenue Expected, But Net Loss May Widen

Reddit Inc (NYSE:RDDT) is set to report its earnings after the market closes on Tuesday, and analysts are predicting an increase in revenue compared to the previous quarter.

However, concerns loom over a potential widening of the company's net loss of $18.1 million. That’s more than twice the $7.4 million it lost a year ago.

Revenue should rise to $311.5 million for the third quarter, up from $281.2 million in the second quarter.

Reddit On A Roll: Reddit made its long-awaited entry into the public markets earlier this year as the first major initial public offering of 2024. After pricing its IPO at $34 per share, the stock began trading on March 21 at $47. Since then, shares have surged over 77%.

Reddit's growth trajectory has been ...