Online community and discussion platform Reddit (NYSE: RDDT) will be reporting results this Thursday after market close. Here’s what investors should know.

Reddit beat analysts’ revenue expectations by 6.2% last quarter, reporting revenues of $392.4 million, up 61.5% year on year. It was a strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. It reported 50.1 million daily active users, up 20.7% year on year.

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

This quarter, analysts are expecting Reddit’s revenue to grow 51.5% year on year to $426 million, slowing from the 53.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Reddit has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 9.3% on average.

Looking at Reddit’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Shutterstock delivered year-on-year revenue growth of 21.3%, beating analysts’ expectations by 7.5%, and Booking reported revenues up 16%, topping estimates by 3.7%.

Read our full analysis of Shutterstock’s results here and Booking’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 2.1% 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 $154.81 (compared to the current share price of $144.70).

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