Sector rotation into growth stocks has marginally improved sentiment around reddit stock price, particularly as bond yields ease and risk appetite returns. A crafty Reddit user has turned a few forgotten odds and ends into a delightful surprise for local wildlife — and the internet can't stop talking about it. Management's focus on lifetime value over quarterly optimization means they're playing the long game. It is spending on marketing and product development while still expanding adjusted EBITDA margins to 33%, up nearly 1,900 basis points YoY. For Q3, Reddit guided to 54-56% revenue growth with EBITDA margins around 35%. Reddit stock price is consolidating in a tight range between $54 and $56, often a precursor to breakout moves in momentum-driven tech names.
