Reddit Inc. (RDDT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Reddit Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• DAUq (Daily Active Uniques) - Global: 130.3 million compared to the 130.3 million average estimate based on seven analysts.
• ARPU - International: $2.26 versus $2.17 estimated by seven analysts on average.
• DAUq (Daily Active Uniques) - International: 77.1 million compared to the 76.24 million average estimate based on seven analysts.
• DAUq (Daily Active Uniques) - U.S.: 53.2 million versus 53.98 million estimated by seven analysts on average.
• ARPU - U.S.: $11.85 compared to the $10.38 average estimate based on seven analysts.
• ARPU - Global: $6.18 compared to the $5.70 average estimate based on seven analysts.
• Logged-out DAUq - Global: 77.7 million versus 77.17 million estimated by three analysts on average.
• Logged-out DAUq - U.S.: 30.1 million compared to the 30.65 million average estimate based on three analysts.
• Logged-out DAUq - International: 47.6 million versus the three-analyst average estimate of 46.56 million.
• WAUq - Global: 514.6 million versus 505.54 million estimated by three analysts on average.
• Revenue- International: $166.8 million versus the seven-analyst average estimate of $165.67 million. The reported number represents a year-over-year change of +83.7%.
• Revenue- United States: $638.1 million compared to the $572.49 million average estimate based on seven analysts. The reported number represents a change of +56.1% year over year.

View all Key Company Metrics for Reddit Inc. here>>>

Shares of Reddit Inc. have returned -10% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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