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๊ฐ€์ž… December 2024
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Reddit $RDDT has been rejected at its daily 200MA not once, but twice, and is now down ๐Ÿ”ด 19% in overnight trading following earnings. The selloff follows a significant earnings miss, with the stock remaining below a key technical level.
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REDDIT $RDDT JUST REPORTED Q3 EARNINGS - Revenue: $895M, beating expectations of $878.4M ๐ŸŸข - EPS: $1.40, beating expectations of $1.35 ๐ŸŸข - Adj EBITDA: $402M (+70% YoY) - DAUq: 130.3M (+12% YoY) - U.S. DAUq: 50.7M (-2% YoY) - Intl DAUq: 79.6M (+24% YoY) Q4 Guidance: - Revenue: $1.00B-$1.03B, below expectations of $1.05B ๐Ÿ”ด - Adj EBITDA: $480M-$510M Key Updates: - Buybacks: 0.67M shares for $100M
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