Earnings Call Summary | Reddit(RDDT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Reddit(RDDT.US) Q1 2024 Earnings Conference
The following is a summary of the Reddit, Inc. (RDDT) Q1 2024 Earnings Call Transcript:
以下是Reddit, Inc.（RDDT）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Reddit's total revenue grew by 48% YoY in Q1 2024, reaching $243 million.
Revenue from the US and international revenue grew by 53% and 30% YoY respectively.
Ad revenue reached $223 million, growing 39% YoY, while other revenue grew over 450% YoY reaching $20 million, driven largely by new data licensing agreements.
Gross margins were up 500 basis points to 88.6%, and adjusted EBITDA reached profitability.
Capital expenditure was $3 million, just over 1% of revenue.
Reddit had a GAAP net loss of $575 million in Q1 due to stock-based compensation-related taxes from the IPO. Cash from operating activities amounted to $32 million in Q1.
2024年第一季度，Reddit的總收入同比增長48％，達到2.43億美元。
來自美國的收入和國際收入分別同比增長了53％和30％。
廣告收入達到2.23億美元，同比增長39％，而其他收入同比增長450％以上，達到2000萬美元，這主要是由新的數據許可協議推動的。
毛利率增長了500個點子至88.6％，調整後的息稅折舊攤銷前利潤達到盈利。
資本支出爲300萬美元，略高於收入的1％。
由於首次公開募股產生的股票薪酬相關稅，Reddit在第一季度實現了5.75億美元的GAAP淨虧損。第一季度來自運營活動的現金爲3200萬美元。
Business Progress:
業務進展：
Reddit focused on improving the user experience, resulting in the Shreddit web platform that is now open to 100% of users and is twice as fast as the previous platform.
Future development focus is on features for the 'user economy', a third-party developer platform, and on-platform search improvements.
In monetization, Reddit worked to improve advertising solutions and bring new advertisers, driving growth in ad revenue.
Usability for advertisers was improved by reducing campaign setup time, and progress was seen in building out conversion API ecosystems.
Integrations were made with a leading customer data platform and Google Tag Manager, and Reddit Pro was launched with AI-powered insights and tools for businesses.
Data licensing business evolved with new agreements signed in the social listening space and with Google.
The company's strategy for Q2 includes focusing on future business prospects and becoming a full-funnel solution for advertisers.
The Developer Platform currently involves hundreds of developers and is anticipated to be fully open to thousands of developers from a waitlist by the end of summer.
Reddit is focusing on improving the video content consumption and creation experience, which holds significant monetization potential.
Growth has also been seen in monthly active advertisers outside the U.S and among SMBs, particularly in the 'scale' segment.
Reddit專注於改善用戶體驗，從而使Shreddit網絡平台現在向100％的用戶開放，並且速度是以前平台的兩倍。
未來的開發重點是 “用戶經濟” 功能、第三方開發者平台和平台搜索改進。
在獲利方面，Reddit致力於改善廣告解決方案並吸引新的廣告商，從而推動廣告收入的增長。
通過縮短廣告活動設置時間，提高了廣告商的可用性，在構建轉化API生態系統方面也取得了進展。
與領先的客戶數據平台和谷歌標籤管理器進行了集成，Reddit Pro的推出爲企業提供了基於人工智能的見解和工具。
隨着社交監聽領域以及與谷歌簽署的新協議，數據許可業務不斷髮展。
該公司第二季度的戰略包括關注未來的業務前景以及成爲廣告商的全渠道解決方案。
開發者平台目前涉及數百名開發者，預計到夏末將對候補名單中的數千名開發人員完全開放。
Reddit專注於改善視頻內容的消費和創作體驗，這具有巨大的獲利潛力。
美國以外的月活躍廣告商和中小企業也有所增長，尤其是 “規模” 細分市場。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。