Reddit’s stock (RDDT) saw a significant surge of 25% after the company announced its third-quarter results for 2024, revealing not only profitability for the first time in twenty years but also robust revenue growth that exceeded analyst expectations. The social media platform, which went public earlier this year, has demonstrated impressive financial strength and strategic […]
In a significant leap for Reddit, Inc., the social media platform reported its first-ever quarterly profit in Q3 2024, driving a surge in its stock price by 22%. With a record-breaking revenue of $348.4 million, surpassing the expected $312.8 million, and a notable earnings per share (EPS) of $0.16 against forecasts of a $0.07 loss, […]
Social media platform Reddit has announced its acquisition of Memorable AI, a leading platform in creative intelligence. This strategic move marks a significant enhancement in Reddit’s advertising capabilities, leveraging advanced machine learning and generative AI technologies. The Reddit acquisition of Memorable AI is set to revolutionize the way advertisers approach campaign performance and creative optimization. […]