cnbc_topnews

Reddit shares sink 7% on 'choppy' search referrals even as results blow past estimates

📰 source: cnbc_topnews · 💼 business

reddit beat earnings estimates for q2, with eps of $1.25 vs 95 cents expected and revenue of $805m vs $730m expected, up 61% year-over-year. but shares fell 7% in after-hours trading after the company warned that 'search referrals were choppy,' highlighting its reliance on google for traffic.

net income climbed to $253m from $89m a year earlier. q3 revenue guidance of $860m-$870m topped estimates of $828m. adjusted earnings forecast of $385m-$395m also beat expectations. global daily active users rose 18% to 130.3m, slightly above forecasts. u.s. dauq grew 6% to 53.2m. average revenue per user was $6.18, with u.s. arpu at $11.85.

data licensing revenue hit $43m, up 24%, with openai and google as top partners. ceo steve huffman said the bigger picture is unchanged, but investors focused on the search referral volatility.

why it matters: despite blowing past earnings estimates, search referral volatility spooks investors, underscoring reddit's dependence on google traffic.

source: cnbc_topnews
sentiment: -0.30 · impact: 0.50

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole