May 7 (Reuters) - Reddit beat quarterly revenue estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market.

The company reported revenue of $243.0 million for the first quarter, compared with analysts' average estimate of $212.8 million, according to LSEG data. (Reporting by Aditya Soni in Bengaluru; Editing by Pooja Desai)