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Reddit's Trading Volume Surges 94.93% to $34.97 Billion, Ranked 15th in Daily Market Rankings
Generated by AI AgentAinvest Market Brief
Friday, May 2, 2025 7:18 pm ET1min read
On May 2, 2025, Reddit's trading volume reached $34.97 billion, marking a 94.93% increase from the previous day, placing it 15th in the day's stock market rankings. However, Reddit's stock price fell by 4.18%.
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 advertising revenue, which reached $358.6 million. The company's daily active unique users also saw a significant increase, rising by 31% year-over-year to 108.1 million. Additionally,
achieved profitability, reporting an adjusted EBITDA in the range of $110 million to $130 million for the quarter.These positive financial results prompted analysts to raise their price targets for Reddit's stock, reflecting optimism about the company's future prospects. Despite the stock's decline on May 2, the strong Q1 performance suggests that Reddit is well-positioned for continued growth in the coming quarters.
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