2Semanaยท

$RDDT (-6,41ย %) | Reddit Q3'24 Earnings Highlights


๐Ÿ”น Revenue: $348.4M (Est. $312.8M) ๐ŸŸข; +68% YoY

๐Ÿ”ธ Advertising Revenue: $315.1M (Est. $277M) ๐ŸŸข

๐Ÿ”ธ Other Revenue: $33.2M (Est. $35.9M) ๐Ÿ”ด

๐Ÿ”น Net Income: $29.9M (Est. -$13.8M loss) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: $94.1M (Est. $58.9M) ๐ŸŸข; +229% YoY

๐Ÿ”น Free Cash Flow: $70.3M ๐ŸŸข

๐Ÿ”น Gross Margin: 90.1% (up 280 basis points YoY)


Q4'24 Guidance:

๐Ÿ”น Revenue: $385M-$400M (Est. $356.2M) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: $110M-$125M (Est. $87M) ๐ŸŸข


User Metrics:

๐Ÿ”น Daily Active Users (DAUs): 97.2M (Est. 96.36M) ๐ŸŸข; +47% YoY

๐Ÿ”ธ US DAUs: 48.2M (Est. 48.26M)

๐Ÿ”ธ International DAUs: 49M (Est. 48.95M) ๐ŸŸข


Revenue Per User (ARPU):

๐Ÿ”น Global ARPU: $3.58 (Est. $3.22) ๐ŸŸข

๐Ÿ”น US ARPU: $5.88 (Est. $5.19) ๐ŸŸข

๐Ÿ”น International ARPU: $1.32 (Est. $1.24) ๐ŸŸข


Operating Expenses:

๐Ÿ”น R&D Expenses: $166.7M


Operational Highlights:

๐Ÿ”น Ad Revenue Growth: +56% YoY

๐Ÿ”น International DAUs: Now exceed US usersย 

๐Ÿ”น Net Income: Achieved profitability with an 8.6% net margin

๐Ÿ”น Workforce Compensation: Invested $66M to net-settle 1.2M employee shares


CEO Commentary:

"Our communities continue to grow, and we are unlocking new revenue streams while reaching profitability. With opportunities available that few companies have, we are well-positioned for long-term growth." โ€“ Steve Huffman, CEO

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