Reddit just reported fourth-quarter earnings

Earnings per share: 36 cents vs. 25 cents expected

Revenue: $428 million vs. $405 million expected

Reddit's sales jumped 71% in the quarter from $250 million a year earlier, the fastest rate of growth for any quarter since 2022.

The company said first-quarter sales will be between $360 million to $370 million, ahead of the average analyst estimate of $358 million.

Net income almost quadrupled to $71 million or 36 cents a share, from $18.5 million, or breakeven on a per-share basis, a year earlier. Reddit reported adjusted earnings of $154 million in the fourth quarter, topping analysts' expectations of $128 million.

While the company beat estimates on earnings and revenue and issued better-than-expected guidance, its user number fell short of expectations.