Advertisement
New Zealand markets closed
  • NZX 50

    11,584.24
    -94.44 (-0.81%)
     
  • NZD/USD

    0.6104
    -0.0014 (-0.23%)
     
  • NZD/EUR

    0.5651
    -0.0004 (-0.07%)
     
  • ALL ORDS

    7,896.50
    -39.20 (-0.49%)
     
  • ASX 200

    7,629.40
    -36.20 (-0.47%)
     
  • OIL

    79.15
    -0.08 (-0.10%)
     
  • GOLD

    2,334.60
    -6.60 (-0.28%)
     
  • NASDAQ

    18,736.75
    -132.69 (-0.70%)
     
  • FTSE

    8,183.07
    -71.11 (-0.86%)
     
  • Dow Jones

    38,441.54
    -411.32 (-1.06%)
     
  • DAX

    18,473.29
    -204.58 (-1.10%)
     
  • Hang Seng

    18,252.32
    -224.69 (-1.22%)
     
  • NIKKEI 225

    38,038.54
    -518.33 (-1.34%)
     
  • NZD/JPY

    95.8870
    -0.4580 (-0.48%)
     

Reddit Earnings Got a Google Boost. Why That’s Worrisome for the Stock.

Reddit Earnings Got a Google Boost. Why That’s Worrisome for the Stock.

Reddit first earnings report as a public company knocked expectations out of the park. Wall Street sees other ways, however, for Reddit to drive revenue growth beyond a rise in traffic. On Tuesday, Reddit posted March-quarter revenue that crushed estimates helped by a 37% surge in daily active unique visitors from the same period a year before.