Reddit | 8-K: Reddit Announces Fourth Quarter and Full Year 2024 Results

Reddit delivered robust Q4 2024 results with total revenue surging 71% YoY to $427.7 million, driven by a 60% increase in ad revenue to $394.5 million. Daily Active Uniques (DAUq) grew 39% YoY to 101.7 million users. The company achieved a net income of $71.0 million with a 16.6% margin and diluted EPS of $0.36.The platform demonstrated strong operational efficiency with a gross margin of 92.6%, up 420 basis points YoY. Adjusted EBITDA reached $154.3 million, representing 36.1% of revenue, while operating cash flow improved to $90.0 million. International revenue showed particularly strong momentum, growing 76% YoY to $80.0 million.For the full year 2024, Reddit reported total revenue of $1.3 billion, up 62% YoY, though it recorded a net loss of $484.3 million. Looking ahead to Q1 2025, the company projects revenue between $360-370 million and Adjusted EBITDA of $80-90 million.

Reddit delivered robust Q4 2024 results with total revenue surging 71% YoY to $427.7 million, driven by a 60% increase in ad revenue to $394.5 million. Daily Active Uniques (DAUq) grew 39% YoY to 101.7 million users. The company achieved a net income of $71.0 million with a 16.6% margin and diluted EPS of $0.36.The platform demonstrated strong operational efficiency with a gross margin of 92.6%, up 420 basis points YoY. Adjusted EBITDA reached $154.3 million, representing 36.1% of revenue, while operating cash flow improved to $90.0 million. International revenue showed particularly strong momentum, growing 76% YoY to $80.0 million.For the full year 2024, Reddit reported total revenue of $1.3 billion, up 62% YoY, though it recorded a net loss of $484.3 million. Looking ahead to Q1 2025, the company projects revenue between $360-370 million and Adjusted EBITDA of $80-90 million.