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