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Australia's internet watchdog on Wednesday widened its world-first teen social media ban to include Reddit and video live streaming platform Kick, and said more sites could be added if their main role was to enable online social interaction.
Reddit is well-positioned for growth and profitability, driven by strong Q3 results, robust user engagement, and AI training deal optionality. RDDT's Q3 revenue grew 68% YoY, with international revenues up 74% and ARPU rising 41%, supporting a healthy growth outlook. Gross margins near 90% and EBITDA margins above 40% highlight strong operating leverage, with expectations for further margin exp...
Reddit‘s (RDDT) Q3 earnings showed 68% revenue growth, a 25% user increase, and a 52% rise in ARPU. Much of my skepticism previously focused on Reddit's ad business and user engagement since its IPO.
Reddit's top-line driver is the ads business, representing 93% of revenue in the past quarter. This segment reported a 74% YoY growth in the last quarter, ARPU up 41%. I see further room for ARPU growth, mainly driven by the recent rollout of Reddit Answers internationally, now covering more than 6 languages (apart from English). For Q4, management guides 54% YoY revenue growth (midpoint). Furt...
Reddit (RDDT) remains a top growth story, with robust user and revenue expansion driving a fresh rally and justifying a continued buy rating. RDDT's Q3 results showcased 68% year-over-year revenue growth and a strong rebound in U.S. daily active users, alleviating saturation concerns. International growth is accelerating due to machine translation, while rising ARPU and data licensing further e...
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