The company said revenue for Q2 2024 was $281.2 million, up 54% from $183.1 million a year earlier, and that advertising revenue rose 41% to $253.1 million.

1. 01

   The company said revenue for Q2 2024 was $281.2 million, up 54% from $183.1 million a year earlier, and that advertising revenue rose 41% to $253.1 million.

2. 02

   Reddit said its net loss for Q2 narrowed to $10.1 million from a net loss of $41.1 million a year earlier. It said Adjusted EBITDA was $39.5 million, a margin of 14.0%, compared with $(35.4) million a year earlier.

3. 03

   The company said operating cash flow for Q2 was $28.4 million and Free Cash Flow was $27.2 million. As of June 30, 2024, cash, cash equivalents and marketable securities totaled $1,699.1 million.

4. 04

   Reddit said it estimates revenue for Q3 2024 at $290 million to $310 million and Adjusted EBITDA at $40 million to $60 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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