Reddit | 8-K: Reddit Announces First Quarter 2025 Results

Reddit reported strong Q1 2025 financial results with total revenue increasing 61% YoY to $392.4 million, driven by 61% growth in ad revenue to $358.6 million. The company achieved its first profitable quarter with net income of $26.2 million, compared to a net loss of $575.1 million in the prior year. Gross margin improved to 90.5%, up 190 basis points YoY.Daily Active Uniques (DAUq) grew 31% YoY to 108.1 million users, while Weekly Active Uniques reached 401.3 million. The platform demonstrated robust international growth with international revenue up 82% YoY to $78.5 million. Adjusted EBITDA reached $115.3 million with a 29.4% margin, while operating cash flow was $127.6 million.Looking ahead, Reddit projects Q2 2025 revenue between $410-430 million and Adjusted EBITDA of $110-130 million. The company maintains a strong balance sheet with $1.95 billion in cash and marketable securities as of March 31, 2025.

Reddit reported strong Q1 2025 financial results with total revenue increasing 61% YoY to $392.4 million, driven by 61% growth in ad revenue to $358.6 million. The company achieved its first profitable quarter with net income of $26.2 million, compared to a net loss of $575.1 million in the prior year. Gross margin improved to 90.5%, up 190 basis points YoY.Daily Active Uniques (DAUq) grew 31% YoY to 108.1 million users, while Weekly Active Uniques reached 401.3 million. The platform demonstrated robust international growth with international revenue up 82% YoY to $78.5 million. Adjusted EBITDA reached $115.3 million with a 29.4% margin, while operating cash flow was $127.6 million.Looking ahead, Reddit projects Q2 2025 revenue between $410-430 million and Adjusted EBITDA of $110-130 million. The company maintains a strong balance sheet with $1.95 billion in cash and marketable securities as of March 31, 2025.