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AI English summary of an SEC filing — figures as filed

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The company said revenue for Q1 2025 rose to $392.4 million, up 61% from $243.0 million a year earlier. Ad revenue was $358.6 million, and Other revenue was $33.7 million. The quarter ended March 31.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q1 2025 rose to $392.4 million, up 61% from $243.0 million a year earlier. Ad revenue was $358.6 million, and Other revenue was $33.7 million. The quarter ended March 31.

  2. Reddit said net income for Q1 2025 was $26.2 million (6.7% of revenue), swinging from a net loss of $(575.1) million a year earlier. Diluted earnings per share were $0.13.

  3. The company said Adjusted EBITDA for Q1 2025 was $115.3 million (29.4% of revenue), operating cash flow was $127.6 million, and Free Cash Flow was $126.6 million. Capital expenditures were $1.0 million.

  4. Reddit said it expects revenue for Q2 2025 of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million. The company said the outlook reflects its current estimates and does not guarantee future results.

Summary

AI-written

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.

Q1 2025 Revenue Hits $392.4 million, Up 61% Year over Year

The company said revenue for Q1 2025 rose to $392.4 million, up 61% from $243.0 million a year earlier. Ad revenue was $358.6 million, and Other revenue was $33.7 million. The quarter ended March 31.

Source · Based on the filing body and exhibits

Q1 Net Income of $26.2 million vs. Prior-Year Net Loss of $(575.1) million

Reddit said net income for Q1 2025 was $26.2 million (6.7% of revenue), swinging from a net loss of $(575.1) million a year earlier. Diluted earnings per share were $0.13.

Source · Based on the filing body and exhibits

Q1 Adjusted EBITDA of $115.3 million, Free Cash Flow of $126.6 million

The company said Adjusted EBITDA for Q1 2025 was $115.3 million (29.4% of revenue), operating cash flow was $127.6 million, and Free Cash Flow was $126.6 million. Capital expenditures were $1.0 million.

Source · Based on the filing body and exhibits

Q2 Outlook: Revenue of $410 million to $430 million

Reddit said it expects revenue for Q2 2025 of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million. The company said the outlook reflects its current estimates and does not guarantee future results.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.