Reddit (RDDT) is set to report second-quarter earnings after the bell on Aug. 6, with investors likely watching for user engagement growth and updates on licensing agreements for artificial intelligence (AI) training.
The company is projected to report revenue of $253.8 million, according to analyst estimates compiled by Visible Alpha, which would represent about 39% growth from the year-ago period’s revenue reported in Securities and Exchange Commission (SEC) filings prior to Reddit’s March initial public offering (IPO).
Reddit’s net loss for the second quarter ended June 30 is expected to come in at $52.82 million, or 32 cents per share, widening from a $41.1 million loss reported in pre-IPO filings for the year-ago period.
Reddit is expected to provide its averages for daily unique user counts for the second quarter, helping investors gauge user engagement and traffic.
Analysts expect the company to report 85.5 million daily unique users on average for the quarter, …