Reddit is double-dipping

August 20, 2025

Reddit reported its Q2 2025 earnings last month: Reddit beat analyst expectations on revenue, DAUq, ARPU, and Q3 guidance, with its stock trading up by as much as 20% following the result. Reddit reached an all-time high stock price last week. I profiled Reddit's advertising business in Unpacking Reddit’s $1BN advertising business and in my […]

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