Reddit's first-quarter revenue and second-quarter revenue guidance both beat expectations

Reddit's first quarter revenue was $243 million, exceeding analysts' expectations of $211.9 million; the first quarter's adjusted EBITDA was $10 million; the first quarter's daily active users were 82.7 million, exceeding analysts' expectations of 77.35 million; the first quarter's average revenue per user was $2.94, exceeding analysts' expectations of $2.75; it is expected that the second quarter's revenue will be between $240 million and $255 million, exceeding analysts' expectations of $228 million.