BUZZ-<a href="https://laohu8.com/S/RDDT">Reddit</a> slumps as Q4 daily active unique visitors miss estimates** Shares of social media firm Reddit RDDT.N slump 17.5% to $179 in extended trading
** Company missed market estimates for daily active unique visitors in the fourth quarter on Wednesday
** Reddit's daily active unique visitors rose 39% to 101.7 million in the fourth quarter ended December 31, missing estimates of 103.3 million — LSEG
** Revenue rose 71% to $427.7 million during the fourth quarter, beating the average estimate of $405.3 million
** RDDT expects first-quarter revenue of $360 million to $370 million vs estimate of $358.1 million
** RDDT, which debuted in March 2024, gained nearly five-fold last year
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800))
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