Technical:
The price is in premium, and my POI is around $181-$170. However, from a technical standpoint, the price is bullish, and if it doesn't close below $156, it could continue higher.
Looking for an H4 CISD ( from POI ) for a possible continuation to the upside.
If there is no H4 CISD, I assume the price will go lower.
Fundamental:
Reddit's stock surge was primarily driven by strong Q4 2024 financial results:
Key Financial Highlights (Q4 2024):
Revenue: $427.7M (+71% YoY growth)
Net Profit: $71M (compared to just $18.5M the previous year)
Daily Active Users (DAU): 101.7M (+39% YoY)
Why Did the Market React This Way?
Strong Revenue Growth – The 71% annual increase shows Reddit’s ability to better monetize its platform.
Profitability – The company reported a profit, a key metric for investors post-IPO.
Ad Revenue & AI Partnerships – Growth was fueled not only by traditional ad revenue but also by data licensing deals for AI models, such as its partnership with Google.
Market Optimism – AI and social media sectors are experiencing strong investor demand.
Although daily active users slightly missed analyst expectations (101.7M vs. the expected 103M), the overall financial results exceeded expectations, leading to a significant stock price increase.
The price is in premium, and my POI is around $181-$170. However, from a technical standpoint, the price is bullish, and if it doesn't close below $156, it could continue higher.
Looking for an H4 CISD ( from POI ) for a possible continuation to the upside.
If there is no H4 CISD, I assume the price will go lower.
Fundamental:
Reddit's stock surge was primarily driven by strong Q4 2024 financial results:
Key Financial Highlights (Q4 2024):
Revenue: $427.7M (+71% YoY growth)
Net Profit: $71M (compared to just $18.5M the previous year)
Daily Active Users (DAU): 101.7M (+39% YoY)
Why Did the Market React This Way?
Strong Revenue Growth – The 71% annual increase shows Reddit’s ability to better monetize its platform.
Profitability – The company reported a profit, a key metric for investors post-IPO.
Ad Revenue & AI Partnerships – Growth was fueled not only by traditional ad revenue but also by data licensing deals for AI models, such as its partnership with Google.
Market Optimism – AI and social media sectors are experiencing strong investor demand.
Although daily active users slightly missed analyst expectations (101.7M vs. the expected 103M), the overall financial results exceeded expectations, leading to a significant stock price increase.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.