Reddit reported strong Q2 results with revenue up 61% to $805 million and earnings per share rising to $1.25, beating estimates. However, shares dropped nearly 9% premarket due to worries about search traffic and potential changes in Google data access. Anthropic revealed a cybersecurity breach during AI security tests, highlighting ongoing risks in AI models. Jersey Mike's IPO raised over $1 billion but opened below its $23 price at $21, reflecting valuation concerns from analysts.
Reddit reported Q2 earnings per share of $1.25, surpassing analyst estimates by over 31%, and revenue of $804.91 million, a 61% increase year-over-year. The company's user base grew significantly, with Daily Active Uniques up 18% and Weekly Active Un...
Reddit reported a strong second quarter with sales rising 61% year-over-year to $805 million, surpassing analyst expectations. Earnings per share reached $1.25, well above the predicted 95 cents. The company’s user base grew 18% globally, and revenue...
