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Reddit Stock Poised to Outperform Meta and Snap in Coming Year
Reddit Stock Poised to Outperform Meta and Snap in Coming Year
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BTCCSquare news:
Reddit's unassuming interface belies its explosive financial performance, with Q2 earnings sparking a 21% stock surge. Revenue jumped 78% year-over-year to $500 million, driven by an 84% increase in ad sales. The company flipped a $10 million loss into an $89 million GAAP profit, while free cash FLOW expanded to $111 million.
This old-school discussion platform now outshines flashier social media peers. Its daily active user metrics and advertising growth suggest sustainable momentum. Market sentiment mirrors the trajectory of high-growth tech stocks during their breakout phases.
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