Reddit Surges to 40th in Daily Stock Rankings with $1.453 Billion Trading Volume
1min read On May 1, 2025, Reddit's trading volume reached $1.453 billion, marking a 59.99% increase from the previous day. This surge placed reddit at the 40th position in the daily stock market rankings. Reddit's stock price increased by 1.90%.
Reddit reported strong financial results for the first quarter of 2025, with total revenue increasing by 61% year-over-year to $392.4 million. This growth was primarily driven by a 61% increase in ad revenue, which reached $358.6 million. The company's daily active unique users (DAUq) also saw a significant increase, rising by 31% year-over-year to 108.1 million. This growth in user engagement and revenue highlights Reddit's continued success in attracting and monetizing its user base.
Reddit's adjusted EBITDA for the quarter was in the range of $110 million to $130 million, indicating strong profitability. The company's earnings per share (EPS) for the quarter were $0.13, exceeding analyst estimates by $0.12. This positive financial performance has contributed to investor confidence in Reddit's growth prospects.
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