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The Motley Fool·3 min read·medium

Reddit Beat on Revenue, Profit, and Guidance. Its U.S. Daily Users Went Backward, and the Stock Fell 21%.

D
Daniel Sparks
Reddit Beat on Revenue, Profit, and Guidance. Its U.S. Daily Users Went Backward, and the Stock Fell 21%.
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Reddit reported strong financial growth in the second quarter, but its stock fell 21% following a slight decline in U.S. daily active users. While international growth remains robust, investors reacted negatively to the stagnation in the company's primary market.

Why it mattersUnlock →

Reddit ( RDDT -20.99% ) delivered the kind of second quarter growth investors usually celebrate. Revenue rose 61% year over year to $805 million, the company's eighth consecutive quarter of growth above 60%.

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