Online community and discussion platform Reddit (NYSE: RDDT) will be reporting earnings this Thursday after market close. Here’s what you need to know.

Reddit beat analysts’ revenue expectations last quarter, reporting revenues of $804.9 million, up 61.1% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EBITDA estimates and EBITDA guidance for next quarter exceeding analysts’ expectations. It reported 53.2 million daily active users, up 5.8% year on year.

Is Reddit a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Reddit’s revenue to grow 50% year on year, slowing from the 67.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Reddit has a history of exceeding Wall Street’s expectations.

Looking at Reddit’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Meta delivered year-on-year revenue growth of 26.1%, beating analysts’ expectations by 2%, and Robinhood reported revenues up 11.8%, in line with consensus estimates. Meta traded down 7% following the results.

Read our full analysis of Meta’s results here and Robinhood’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 5% on average over the last month. Reddit is down 3.9% during the same time and is heading into earnings with an average analyst price target of $212.95 (compared to the current share price of $137.45).

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