FMP
May 8, 2024 1:22 PM - Davit Kirakosyan
Reddit (NYSE:RDDT) experienced a significant surge of 11% pre-market today after the social media company reported stronger-than-expected revenue and provided positive revenue guidance for the current quarter, underpinned by robust user growth.
Reddit, which launched its initial public offering in March, posted a Q1 loss of $8.19 per share, a wider loss compared to $1.05 per share a year earlier, while revenue increased by 48% to $243 million. This revenue figure exceeded analyst expectations, who had projected a loss of $6.32 per share on revenue of $214 million.
The widening losses were primarily due to expenses associated with the company’s IPO. The substantial revenue growth was attributed to a significant increase in user engagement, with daily active users growing by 37% to 82.7 million.
Steve Huffman, Co-Founder and CEO of Reddit, described the quarter as a strong start to the year and a significant milestone as the company made its public debut.
Looking forward, Reddit set its revenue expectations for the next quarter between $240 million and $255 million, which is well above Wall Street's forecast of $223 million.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...