Reddit said revenue for the year ended December 31, 2024 was $1.3 billion, an increase of 62% compared to $804.0 million in the prior year. The company cited increased advertising revenue and content licensing agreements executed in 2024 as drivers of the growth.

10-KAnnual reportFiled Feb 13, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Reddit said revenue for the year ended December 31, 2024 was $1.3 billion, an increase of 62% compared to $804.0 million in the prior year. The company cited increased advertising revenue and content licensing agreements executed in 2024 as drivers of the growth.
Reddit said net loss for the year ended 2024 was $484.3 million, compared to $90.8 million in the prior year, and operating expenses were $1.7 billion, compared to $833.2 million in the prior year. The company cited the cumulative catch-up of stock-based compensation expense upon IPO as a factor in the increase in research and development expenses.
Reddit said Adjusted EBITDA for the year ended 2024 was $298.0 million, compared to $(69.3) million in the prior year, and Free Cash Flow was $215.8 million, compared to $(84.8) million in the prior year. Net cash provided by operating activities was $222.1 million.
Reddit completed its IPO in March 2024, generating net proceeds of $600.0 million after deducting underwriting discounts and commissions of $31.6 million. As of December 31, 2024, the company had cash, cash equivalents, and marketable securities of $1.8 billion.

Key figures

Fiscal year ended December 31, 2024

Revenue: $1.3B
Operating income: −$561M
Net income: −$484M
EPS: −$3.33
Operating cash flow: $222M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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

2024 Revenue $1.3 billion, Up 62% Year Over Year

Reddit said revenue for the year ended December 31, 2024 was $1.3 billion, an increase of 62% compared to $804.0 million in the prior year. The company cited increased advertising revenue and content licensing agreements executed in 2024 as drivers of the growth.

Source · Based on the MD&A text of the filing

Net Loss $484.3 million, Research and Development Expenses Rise

Reddit said net loss for the year ended 2024 was $484.3 million, compared to $90.8 million in the prior year, and operating expenses were $1.7 billion, compared to $833.2 million in the prior year. The company cited the cumulative catch-up of stock-based compensation expense upon IPO as a factor in the increase in research and development expenses.

Source · Based on the MD&A text of the filing

Adjusted EBITDA and Free Cash Flow Figures

Reddit said Adjusted EBITDA for the year ended 2024 was $298.0 million, compared to $(69.3) million in the prior year, and Free Cash Flow was $215.8 million, compared to $(84.8) million in the prior year. Net cash provided by operating activities was $222.1 million.

Source · Based on the MD&A text of the filing

March 2024 IPO Net Proceeds $600.0 million

Reddit completed its IPO in March 2024, generating net proceeds of $600.0 million after deducting underwriting discounts and commissions of $31.6 million. As of December 31, 2024, the company had cash, cash equivalents, and marketable securities of $1.8 billion.

Source · Based on the MD&A text of the filing

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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