Reddit’s sales jumped 71% in the quarter from $250 million a year earlier, the fastest growth rate for any quarter since 2022.

The company said first-quarter sales will be between $360 million and $370 million, ahead of the average analyst estimate of $358 million.

Net income almost quadrupled to $71 million, or 36 cents a share, from $18.5 million, or breakeven on a per-share basis, a year earlier. Reddit reported adjusted earnings of $154 million in the fourth quarter, topping analysts’ expectations of $128 million.

Reddit went public in march at $34 a share and has since seen its stock jump more than sixfold to $216.47 as of Wednesday’s close. The shares were up 32% this year prior to the after-hours selloff.

Sounds like I should have gone all-in on reddit stock. (If I had had money.)

Lemmy: HA! Reddit’s DYING!

Fuck me, the site is poisonous with bots and manipulation, but I’m not going to act like it’s failing. Same exact deal with Facebook. If I find a promising link to those sites, I’ll have a look. Otherwise, don’t participate.