Reddit (RDDT) Projects Strong Ad Sales, Authorizes Share Buyback

Reddit (RDDT) Projects Strong Ad Sales, Authorizes Share Buyback

Reddit Inc. projected current-quarter sales that surpassed Wall Street’s expectations, a reflection on the company’s growing advertising business just two years in as a publicly traded company. First-quarter revenue is expected to be $595 million to $605 million, the social media company said in a statement Thursday. The average Wall Street estimate was $577.3 million,…

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