{"id":88160,"date":"2024-05-08T01:20:25","date_gmt":"2024-05-08T05:20:25","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88160"},"modified":"2024-05-08T01:20:34","modified_gmt":"2024-05-08T05:20:34","slug":"reddit-shares-soar-14-after-company-reports-revenue-pop-in-debut-earnings-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/reddit-shares-soar-14-after-company-reports-revenue-pop-in-debut-earnings-report.html","title":{"rendered":"Reddit shares soar 14% after company reports revenue pop in debut earnings report"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/RDDT\/\">Reddit<\/a>\u00a0shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/03\/21\/reddit-ipo-rddt-starts-trading-on-nyse.html\">IPO in March<\/a>. Revenue climbed 48% from $163.7 million a year earlier. The company reported $222.7 million in ad revenue for the period, up 39% year over year, which is a faster rate of growth than at its top competitors.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/07\/reddit-rddt-q1-2024-earnings.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Reddit\u00a0shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its\u00a0IPO in March. Revenue climbed 48% from $163.7 million a year earlier. The company reported $222.7 million in ad revenue [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88160","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88160"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88160\/revisions"}],"predecessor-version":[{"id":88161,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88160\/revisions\/88161"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}