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Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City.
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City.

Spencer Platt/Getty Images

  • Reddit beat expectations for its first financial quarter as a publicly traded company.
  • Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading.
  • R&D expenses were up four times compared to last year.

Reddit just delivered a big first quarter as a newly public company.

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Tech, News, Markets, Reddit, rddt, social-media, AI
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Reddit shares soar after company reports strong first-ever earnings with record…