NYSE$RDDT

Reddit Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Headline financials

Total Revenue

$183M

Previous: $149M+23.2%
EPS (adj)

-$0.70

Previous: -$0.49-43.6%
Global DAUq

60.4M

No prior period
US DAUq

28.7M

No prior period
International DAUq

31.7M

No prior period
Global ARPU

$3.03

No prior period
US ARPU

$5.21

No prior period
International ARPU

$1.06

No prior period
Capital Expenditures

$830K

No prior period
Free Cash Flow

-$54.9M

No prior period
Net Income

-$41.1M

Previous: -$55.7M+26.2%
Operating Income

-$53M

Previous: -$53.1M+0.1%
Gross Profit

$154M

Previous: $123M+25.7%
Cash & Equivalents

$440M

No prior period
Stock-Based Comp

$10.1M

No prior period

Revenue & EPS history

Reddit Inc · Revenue · Quarterly

$183M

Q2 2023+23.2%vs Q2 2022
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Revenue by segment

Reddit Inc · $247M total across 1 segment · Q4 2023

  • Advertising
    $247M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+9.0%

Avg return

Earnings day

+9.0%

Avg return

5 days after

+18.8%

Avg return

30 days after

67%

8 / 12 earnings

Positive

+46.0%

Q3 2023

Best reaction

-10.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.5%+13.1%+19.4%
Q4 2025-7.4%-7.8%-7.7%
Q3 2025+5.3%+1.0%+11.3%
Q2 2025+17.2%+32.5%+40.2%
Q1 2025-4.2%-11.2%-5.4%
Q4 2024-5.3%-13.6%-40.8%
Q3 2023+46.0%+33.4%+72.1%
Q3 2024+45.6%+41.8%+75.8%
Q2 2023+1.1%-3.4%+4.6%
Q2 2024-10.8%-6.9%+3.3%
Q1 2023+1.4%+17.8%+21.1%
Q1 2024+6.5%+10.9%+31.5%
Q4 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020

Discussion

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