🔹 Revenue: $726M (Est. $667M) 🟢; +70% YoY
🔹 EPS: $1.24 (Est. $0.93) 🟢
🔹 DAUq: 121.4M (Est. 120.15M) 🟢; +19% YoY
🔹 ARPU: $5.98 (Est. $5.56) 🟢; +42% YoY
🔹 Adj. EBITDA: $327.0M (Est. $286.1M) 🟢
Q1 Guide:
🔹 Revenue: $595M–$605M (Est. $577M) 🟢
🔹 Adj. EBITDA: $210M–$220M (Est. $203.2M) 🟢
Other Metrics:
🔹 Ad Revenue: $690M (Est. $630.3M) 🟢; +75% YoY
🔹 Other Revenue: $36M (Est. $35.8M) 🟢; +8% YoY
🔹 US DAU: 52.5M (Est. 52.65M) 🔴; +9.4% YoY
🔹 International DAU: 68.9M (Est. 67.47M) 🟢; +28% YoY
🔹 US ARPU: $10.79 (Est. $10.01) 🟢; +53% YoY
🔹 International ARPU: $2.31 (Est. $2.02) 🟢; +38% YoY
Financials:
🔹 Gross Margin: 91.9%
🔹 Net Income: $252M (Est. $193.6M) 🟢; 35% of revenue
🔹 Operating Cash Flow: $267M
🔹 Free Cash Flow: $264M
🔹 Cash, Cash Equivalents, and Marketable Securities: $2,477M
Capital Return:
🔹 Authorization: $1B share repurchase program
Commentary:
🔸 “We’re entering the next era of Reddit—defined by sharper execution, global expansion, and product innovation that puts real people and conversations at the center.”
🔸 “Our focus is on turning Reddit’s authenticity into even more everyday utility.”