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Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
⏲ 0:43 👁 2.1M
How It's Made
⏲ 8 minutes 53 seconds 👁 116.9K
Max Klymenko
⏲ 59 seconds 👁 7.8M
Uber reported first-quarter revenue of over $10 billion, beating estimates but posting a wider net loss. Gross bookings slightly missed forecasts, though mobility bookings grew 25% and delivery 18% year-over-year. Monthly active platform consumers were up 15% from a year ago. The company cited robust demand and consumer spending shifts supporting its marketplace. Uber aims to boost penetration in core services and expand into new segments to drive user growth. Shares fell over 6% in Wednesday's premarket trading.
⏲ 0:38 👁 2M
Goody Beats
⏲ 51 seconds 👁 77.6K
Business Stories
⏲ 12 minutes 37 seconds 👁 68.4K
<p>Fed-up residents say a stretch of scenic seafront is at risk of becoming a “squatter camp”</a> if something is not done to stop campervan owners from setting up there for weeks at a time.</p><p>Locals say people are practically living at the site on Sheppey and committing anti-social acts such as urinating in public.</p><p>Also in today’s podcast, a shop owner has been left with thousands of pounds worth of damage following a mass brawl</a> in Sheerness. </p><p>You can hear audio of the fight which involved as many as 15 people on Saturday night on the high street. </p><p>A homeless man living out of his car in Maidstone has been telling the KentOnline Podcast of his struggle to find pet-friendly accommodation</a>.</p><p>Despite holding down a full-time job, after he’s paid his child benefit, car insurance and storage costs, he’s left with little money to live off.</p><p>The boss of P&O has admitted his company pay on-board crew just ÂŖ4.87 an hour - and that he wouldn’t be able to live on that wage.</a></p><p>The CEO was paid ÂŖ508,000 in his role last year - he’s faced a grilling in Westminster and been asked if he’s just a “modern day pirate”. </p><p>And the new Gillingham manager has been appointed</a> and says he can’t wait to get started. </p><p>Mark Bonner has taken over top job at the club and had outlined what he expects from his team. </p>
⏲ 19:53 👁 1.1M
DuKoDu
Mark Tilbury
⏲ 10 minutes 13 seconds 👁 765.1K
Following Friday's purchase, this biopharma's weighting in ARKG stood at 1.06%, attributed to the 51,712 shares held by the exchange-traded fund.<br/>The biopharma company has opted to prioritize a pipeline asset that is in Phase 2 study for obesity and is positive about its potential.
⏲ 1:1 👁 2.3M
Good Mythical Morning
⏲ 17 minutes 46 seconds 👁 1.6M
List Data
⏲ 5 minutes 10 seconds 👁 516.5K
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