Reddit said revenue for the 3 months ended June 30, 2024 was $281.2 million, up 54% from the prior year period, and DAUq reached 91.2 million, up 51%. It said ARPU was $3.08, up 2%.

1. 01

   Reddit said revenue for the 3 months ended June 30, 2024 was $281.2 million, up 54% from the prior year period, and DAUq reached 91.2 million, up 51%. It said ARPU was $3.08, up 2%.

2. 02

   The company said gross margin for the 3 months ended June 30, 2024 was 89.5% (84.2% in the prior year period), and its net loss was $10.1 million ($41.1 million in the prior year period). Adjusted EBITDA was $39.5 million, compared with $(35.4) million in the prior year period.

3. 03

   Reddit said net cash provided by operating activities for the 3 months ended June 30, 2024 was $28.4 million ($(54.1) million in the prior year period), and Free Cash Flow was $27.2 million ($(54.9) million in the prior year period). Cash, cash equivalents, and marketable securities were $1.7 billion as of June 30, 2024.

4. 04

   The company said it completed its IPO in March 2024, raising net proceeds of $600.0 million after deducting underwriting discounts and commissions of $31.6 million. As of June 30, 2024, the aggregate available balance under the Revolving Credit Facility was $745.1 million.

Key figures

Quarter ended June 30, 2024

Revenue

$281M

Operating income

−$31M

Net income

−$10M

EPS

−$0.06

Operating cash flow

$28M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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