Technologies

Reddit Surges Past Expectations with 69% Revenue Growth in Q1

Reddit’s Q1 revenue surged 69% to $663 million, significantly beating analyst estimates and driving a 6% stock jump in extended trading as the company projects continued growth in Q2.

Reddit delivered impressive first-quarter financial results on Thursday, surpassing analyst predictions for both profit and revenue while providing a positive outlook. Shares climbed 6% in after-hours trading.

Here is how the company performed against LSEG forecasts:

Earnings per share: $1.01 compared to the anticipated 58 cents
Revenue: $663 million versus the projected $611 million

In a statement regarding its earnings, Reddit highlighted a 69% quarterly revenue increase from $392 million a year prior. Net income surged to $204 million, or $1.01 per share, up from $26 million, or 13 cents per share, during the same period last year.

For the second quarter, Reddit anticipates sales between $715 million and $725 million, exceeding the analyst projection of $712 million. Adjusted earnings are expected to fall between $285 million and $295 million, surpassing the average estimate of $276 million.

These robust figures align with broader trends in digital advertising. Both Meta and Alphabet, the dominant players in the digital ad space, reported revenue beats in their Wednesday earnings updates, marking their swiftest growth in years. Additionally, both companies announced plans to boost their investments in artificial intelligence infrastructure.

Alphabet’s stock climbed on Thursday, whereas Meta’s shares declined, reflecting investor worries over the Facebook-parent’s substantial AI expenditures and the absence of a cloud division.

Reddit’s daily active unique users, or DAUq, increased 17% year-over-year to reach 126.8 million for the quarter, beating analyst forecasts of 125.9 million.

Average revenue per user, or ARPU, stood at $5.23, outperforming the $4.81 estimate. The company’s U.S.-specific ARPU was recorded at $9.63, ahead of Wall Street’s projection of $8.53.

«Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation,» Reddit CEO Steve Huffman said in a statement. «That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI.»

WATCH: Market showing jitters with capex plans particularly with Meta.

Technologies

Verum Messenger Introduces Built-In Verum Chess

Verum Messenger has released a new update for iOS, iPadOS, and macOS, adding another feature to its growing ecosystem — Verum Chess. Users can now play chess directly inside the messenger without switching between different applications.

The new feature allows users to start a game in just a few taps while reinforcing Verum’s vision of a unified digital environment where communication and everyday services come together in a single platform.

Verum Messenger continues to evolve into a multifunctional ecosystem that combines secure chats and calls, AI tools, a built-in VPN, anonymous email, eSIM, financial services, cryptocurrency features, and offline communication. With the introduction of Verum Chess, the platform now also offers a new way for users to interact and spend time together without leaving the app.

The update is now available for iPhone, iPad, and Mac on the App Store.

Technologies

Episode 3 of the VERUM AI Mini-Series Is Now Available

Verum Messenger has released the third episode of its AI mini-series, SHADOWS, created using Verum AI.

The new episode, titled «Ghost Money,» continues the story of the conflict between a team of heroes and the Omega corporation, which seeks to take control of digital communications. This time, the focus shifts to anonymous payments and financial freedom, revealing how privacy can extend beyond messaging.

Like the previous episodes, the new release not only advances the storyline but also showcases the capabilities of the Verum ecosystem, highlighting technologies designed for secure communication and digital privacy.

The mini-series consists of seven episodes, released gradually across Verum Messenger’s social media channels.

Episode 3 is now available. Stay tuned for the next chapter.

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Technologies

Verum Finance Now Available for Mac, Expanding the Verum Ecosystem on Desktop

Verum has officially released Verum Finance for macOS, bringing its financial platform to the Mac and expanding access to the Verum ecosystem across Apple’s devices. The launch allows users to manage their finances from desktop while enjoying the same secure and seamless experience available on iPhone and iPad.

The new Mac version includes the full range of Verum Finance features, including balance management, instant transfers to other Verum users, debit card management, Apple Pay support, asset exchange, and transaction history — all optimized for the macOS experience.

Verum Finance can be used as a standalone application or alongside Verum Messenger. Users who sign in with their Verum Messenger account automatically synchronize their balances, settings, and account data across devices, ensuring a consistent experience throughout the Verum ecosystem.

The macOS release further strengthens Verum’s vision of creating an integrated digital platform where communication and financial services work together. Verum Messenger, which is also available for Mac, complements the ecosystem with encrypted messaging, voice and video calls, VPN, eSIM, anonymous email, AI-powered tools, offline communication capabilities, and cryptocurrency features.

With both Verum Messenger and Verum Finance now available across iPhone, iPad, and Mac, users can access secure communication and financial services wherever they work.

Verum Finance for Mac is available now through the Mac App Store.

Verum Finance for macOS: https://apps.apple.com/us/app/verum-finance/id6774245148
Verum Finance: https://finance.verum.im
Verum Messenger: https://verum.im