๐น Revenue: $499.6M (Est. $427M) ๐ข; UP +78% YoY
๐น EPS (Diluted): $0.45 (Est. $0.20) ๐ข
๐น DAUq: 110.4M; UP +21% YoY
Q3 Guidance
๐น Revenue: $535Mโ$545M (Est. $472.7M) ๐ข
๐น Adj EBITDA: $185Mโ$195M (Est. $159.5M) ๐ข
Q2 Revenue Breakdown
๐น U.S. Revenue: $409M; UP +79% YoY
๐น International Revenue: $91M; UP +71% YoY
๐น Ad Revenue: $465M; UP +84% YoY
๐น Other Revenue: $35M; UP +24% YoY
Other Key Q2 Metrics:
๐น Net Income: $89M vs. $(10)M YoY
๐น Gross Margin: 90.8%; UP +130 bps YoY
๐น Adjusted EBITDA: $167M; UP +127M YoY
๐น Operating Cash Flow: $111M; UP +83M YoY
๐น Free Cash Flow: $111M; UP +84M YoY
๐น Fully Diluted Shares: 206.6M; UP +0.3% QoQ
CEO Commentary
๐ธ โReddit is built for this moment. In a world where connection is increasingly rare, our communities show how valuable human conversation and knowledge really are.โ
๐ธ โWeโre focused on growing globally, scaling sustainably, and making Reddit the most trusted place on the internet.โ