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via finance.yahoo.comMarkets

Reddit shares fall after Q3 results despite revenue and margin growth

FROM THE WIRE · FINANCE.YAHOO.COM

5 must-read analyst questions from Reddit's Q3 earnings call Reddit's third quarter results prompted a significant negative market reaction, despite year-on-year revenue growth and margin expansion. Management attributed the quarter's performance to robust advertising demand…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe negative market reaction to a high-volatility stock matters for the social and digital advertising sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue of 895 million dollars versus estimates of 877.2 million, up 53% year on year.
  2. 02Advertising demand was solid, with gains in both pricing and impressions.
  3. 03A sharp drop in search referral traffic, especially from Google, pressured user growth.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Reddit, Inc.RDDTStock92.26 USD-0.67%today +0.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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