Reddit Announces Q4 and FY 2024 Results

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Feb 12, 2025 4:35 PM
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Mar 21, 2024

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COMPUTER PROCESSING & DATA PREPARATION
Reddit Announces Q4 and FY 2024 Results

San Francisco, Calif. – Reddit, Inc. (NYSE: RDDT) reported strong fourth-quarter and full-year 2024 results. Daily Active Uniques (DAUq) increased 39% year-over-year to 101.7 million. Fourth-quarter revenue grew 71% year-over-year to $427.7 million, with a gross margin of 92.6%. Net income for the quarter reached $71.0 million (16.6% of revenue), and diluted EPS was $0.36. Adjusted EBITDA for Q4 was $154.3 million (36.1% of revenue).

For the full year 2024, Reddit reported a 62% increase in total revenue to $1.3 billion. Gross margin for the full year was 90.5%. Net loss was $484.3 million, while Adjusted EBITDA was $298.0 million.

Reddit provided Q1 2025 guidance, projecting revenue between $360 million and $370 million, and Adjusted EBITDA between $80 million and $90 million.

About Reddit, Inc.:
Reddit is a community of communities. It’s built on shared interests, passion, and trust and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and approximately 101+ million daily active unique visitors, Reddit is one of the internet’s largest sources of information. For more information, visit www.redditinc.com.

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