Pre-Market Movers: Reddit, Lyft, Upstart, Rivian, Twilio, Coupang, Dutch Bros, Electronic Arts, DoubleVerify, ZoomInfo

Several key stocks experienced notable movements in response to their first-quarter earnings reports and guidance for the second quarter.

Reddit (RDDT)

Reddit's stock surged 15% after it exceeded first-quarter revenue expectations and provided a robust forecast for the upcoming quarter.

Lyft (NASDAQ:LYFT)

Lyft saw a 4% increase following strong bookings and a smaller-than-expected loss per share in Q1.

Upstart Holdings (NASDAQ:UPST)

Upstart Holdings faced an 18% decline due to disappointing guidance for second-quarter revenue, leading to a brief halt in trading.

Rivian Automotive (NASDAQ:RIVN)

Rivian Automotive experienced a 2% drop after reporting a larger-than-anticipated loss in Q1.

Twilio (NYSE:TWLO)

Despite surpassing Wall Street estimates in Q1, Twilio's stock declined 7% as its second-quarter guidance fell short of expectations.

Coupang (CPNG)

Coupang's stock fell 5% following a first-quarter operating profit that missed estimates.

Dutch Bros Inc. (NYSE:BROS)

Dutch Bros Inc. saw a 7% rise after surpassing estimates and raising its guidance, showcasing strong performance across various metrics.

Electronic Arts (NASDAQ:EA)

Electronic Arts experienced a 3.6% decline post-Q4, with bookings missing consensus and a disappointing forecast.

DoubleVerify Holdings Inc. (NYSE:DV)

DoubleVerify Holdings Inc. faced a substantial 34% drop after issuing second-quarter guidance that significantly missed consensus estimates.

ZoomInfo Technologies Inc. (ZI)

Despite a solid start to the year, ZoomInfo Technologies Inc. saw a decline as its second-quarter and full-year guidance raised concerns among investors.

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