- Revenue: $427.7M, +71% YoY
- Net income: $71.0M vs $18.5M YoY
- Daily Active Users (DAUq): 101.7M, +39% YoY
CEO Steve Huffman: "It was another strong quarter as we accomplished exciting milestones across revenue and international growth. However, what's most exciting is still ahead. We're focused on providing a best-in-class experience for finding community and trusted information, proving that Reddit is for everyone, everywhere."
🌱Revenue & Growth
- Total revenue: $427.7M, +71% YoY
- Ad revenue: $394.5M, +60% YoY
- Other revenue: $33.2M
- US revenue: $347.7M, +70% YoY
- International revenue: $80.0M, +76% YoY
💰Profits & Financials
- Gross margin: 92.6%, up 420 bps YoY
- Adjusted EBITDA: $154.3M vs $23.2M YoY
- Adjusted EBITDA margin: 36.1% vs 9.3% YoY
- Operating cash flow: $90.0M vs -$17.4M YoY
- Free cash flow: $89.2M vs -$22.0M YoY
- Cash and marketable securities: $1.84B
📌Business Highlights
- Weekly Active Users (WAUq): 379.4M, +42% YoY
- Global ARPU: $4.21, +23% YoY
- Fully diluted shares: 206.2M, down 0.1% QoQ
🔮Future Outlook
- Q1 2025 revenue expected: $360M-$370M
- Q1 2025 Adjusted EBITDA expected: $80M-$90M
