Reddit Inc reports results for the quarter ended December 31 - Earnings Summary

• Reddit Inc RDDT.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended December 31. The mean expectation of nineteen analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 18 cents to 37 cents per share.

• Revenue was $427.71 million​; analysts expected $405.26 million.

• Reddit Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $71.04 million.

• Reddit Inc shares had risen by 30.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Reddit Inc is $190.00

This summary was machine generated from LSEG data February 12 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)