Reddit Sales Exceed Analysts’ Expectations on Advertising Growth

Reddit Sales Exceed Analysts’ Expectations on Advertising Growth



Reddit Inc. said it expects steady revenue growth from new data licensing partnerships and advertising technology, charting its path forward as a newly public company.

Current-quarter sales will be $290 million to $310 million, Reddit said Tuesday in a statement. Analysts had forecast $281.8 million, according the average of estimates compiled by Bloomberg.



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