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Reddit logoReddit RDDT

Reddit said revenue for the 3 months ended June 30, 2025 was $499.6 million, an increase of 78% compared to the prior year period. The company cited an increase in impressions delivered as the primary driver and an increase in pricing as a lesser factor.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Reddit said revenue for the 3 months ended June 30, 2025 was $499.6 million, an increase of 78% compared to the prior year period. The company cited an increase in impressions delivered as the primary driver and an increase in pricing as a lesser factor.

  2. Reddit said daily active uniques (DAUq) for the 3 months ended June 30, 2025 were 110.4 million, an increase of 21% compared to the prior year period, and average revenue per unique (ARPU) was $4.53, an increase of 47%.

  3. Reddit said net income for the 3 months ended June 30, 2025 was $89.3 million, compared to a net loss of $(10.1) million in the prior year period, and Adjusted EBITDA was $166.7 million, compared to $39.5 million in the prior year period.

  4. Reddit said net cash provided by operating activities for the 6 months ended June 30, 2025 was $238.9 million and free cash flow was $237.4 million. As of June 30, cash, cash equivalents, and marketable securities were $2.1 billion.

Key figures

Quarter ended June 30, 2025

Revenue
$500M
Operating income
$68M
Net income
$89M
EPS
$0.45
Operating cash flow
$111M

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 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.

Q2 Revenue $499.6 million, Up 78% Year Over Year

Reddit said revenue for the 3 months ended June 30, 2025 was $499.6 million, an increase of 78% compared to the prior year period. The company cited an increase in impressions delivered as the primary driver and an increase in pricing as a lesser factor.

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

DAUq 110.4 million, ARPU $4.53

Reddit said daily active uniques (DAUq) for the 3 months ended June 30, 2025 were 110.4 million, an increase of 21% compared to the prior year period, and average revenue per unique (ARPU) was $4.53, an increase of 47%.

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

Quarterly Net Income $89.3 million, Adjusted EBITDA $166.7 million

Reddit said net income for the 3 months ended June 30, 2025 was $89.3 million, compared to a net loss of $(10.1) million in the prior year period, and Adjusted EBITDA was $166.7 million, compared to $39.5 million in the prior year period.

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

6-Month Operating Cash Flow $238.9 million, Cash and Equivalents $2.1 billion

Reddit said net cash provided by operating activities for the 6 months ended June 30, 2025 was $238.9 million and free cash flow was $237.4 million. As of June 30, cash, cash equivalents, and marketable securities were $2.1 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

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.