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Reddit CEO Says We See A Few Hundred Thousand Unattributed New App Downloads Daily; Says 1B New Posts, Comments Created In Last Quarter, About 4% Of Corpus
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Reddit Has Been One of the Worst Stocks in the S&P 500. Here's Why It's a Buy.
Despite Reddit's stock declining over 30% year-to-date, the company demonstrates strong fundamentals with 61% YoY revenue growth, 18% YoY increase in daily active users, and net income nearly tripling. The article argues the stock's poor performance doesn't reflect the company's operational strength, presenting a buying opportunity as U.S. user growth remains robust and international expansion opportunities remain untapped.