Reddit remains a strong buy despite a 30% drop, driven by solid growth and high profitability.

Reddit posts 69% revenue growth with strong margins, plans to double U.S. daily users, maintaining buy rating.

Reddit reported a 69% year-over-year revenue increase and a strong GAAP net margin of 30.8%, driven by a 44% rise in average revenue per user. Management plans to grow revenue by 45% next quarter and aims to double U.S. daily active users through inv...