Reddit Inc Earnings Reports

Reddit reported Q4 2024 revenue of $427.7 million, a 71% year-over-year increase, with net income rising to $71 million. However, the company missed analyst expectations for Daily Active Uniques, reporting 101.7 million against a consensus of 103.8 million. Following the earnings release, Reddit's stock experienced a significant decline in after-hours trading.

Reddit Inc. announced its Q3 2024 financial results, demonstrating strong growth with a 68% increase in revenue to $348.4 million. The company achieved GAAP profitability with a net income of $29.9 million. Daily Active Uniques (DAUq) increased by 47% year-over-year, reaching 97.2 million.

Reddit reported a strong second quarter in 2024, with significant year-over-year growth in revenue and daily active users. Revenue increased by 54% to $281.2 million, and daily active users increased by 51% to 91.2 million. The company also reduced its net loss to $10.1 million and achieved positive Adjusted EBITDA of $39.5 million.

Reddit Inc. announced a strong start to 2024 with significant growth in user traffic and revenue. Daily Active Uniques (DAUq) increased by 37% to 82.7 million, and revenue grew by 48% to $243.0 million. The company reported a net loss primarily due to IPO expenses but achieved its first profitable Q1 on an Adjusted EBITDA basis. Operating cash flow was $32.1 million, and free cash flow was $29.2 million.