Reddit Stock Soars After Strong Q3 Results, Q4 Guidance Above Estimates: DAUq's Grow 17% And More

Reddit, Inc. (NYSE:RDDT) reported its third-quarter results after Tuesday's closing bell. Here's a look at the details from the report.  

The Details: Reddit reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate for losses of 8 cents. Quarterly revenue came in at $348.4 million, which beat the consensus estimate of $311.42 million.

Daily Active Uniques (DAUq) increased 47% year-over-year to 97.2 million.

Gross margin was 90.1%, an improvement of 280 basis points from the prior year.

Net income was $29.9 million, as compared to net loss ...