The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.
Redditβs first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
The companyβs revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment companyβs dominant streaming service.