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Dec 31, 2024
Reddit Inc Q4 2024 Earnings Report
Key Takeaways
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
Reddit Inc
Reddit Inc Revenue by Segment
Reddit Inc Revenue by Geographic Location
Revenue by Segment
Advertising Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Reddit expects Q1 2025 revenue to be in the range of $360M to $370M, with adjusted EBITDA between $80M and $90M. The company remains focused on growth initiatives and enhancing user engagement.
Positive Outlook
- Revenue growth momentum continues into Q1 2025.
- Strong improvement in adjusted EBITDA margins.
- Increased user engagement and DAUq growth.
- Positive cash flow generation from operations.
- International expansion showing strong growth potential.
Challenges Ahead
- Market uncertainties could impact ad revenue growth.
- Competition in the digital advertising space remains intense.
- User acquisition costs may increase due to expansion efforts.
- Potential macroeconomic headwinds affecting consumer spending.
- Operational costs expected to rise with further scaling.