$RDDT ER in a nutshell:
Revenue: $804.9M vs. $730.4M (expected).
EPS: $1.25 vs. ~$0.95.
Net income: $252.8M vs. $196.5M
Q3 guidance:
Revenue: $860–870M vs. 829.1M
Adjusted EBITDA: $385-395M vs. $369M
Blowout financials, market always like to explain the drop 22.6% off some new BS narrative.
Last quarter: "AI will disrupt Reddit causing revenue loss!"
This quarter: "See, DAU fell .6%!" (proceeds to ignore any revenue/profitability growth)