NYSE$RDDT
Reddit Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reddit Inc. reported strong Q3 2024 results, marked by significant user growth, revenue increase, and GAAP profitability.
Reddit Inc. announced its Q3 2024 financial results, demonstrating strong growth with a 68% increase in revenue to $348.4 million. The company achieved GAAP profitability with a net income of $29.9 million. Daily Active Uniques (DAUq) increased by 47% year-over-year, reaching 97.2 million.
- Revenue increased by 68% year-over-year to $348.4 million.
- Net income was $29.9 million, a significant improvement from the previous year's net loss of $(7.4) million.
- Adjusted EBITDA was $94.1 million, compared to $(6.9) million in the prior year.
- Daily Active Uniques (DAUq) increased 47% year-over-year to 97.2 million.
Headline financials
Revenue & EPS history
Reddit Inc · Revenue · Quarterly
$348M
Revenue by segment
Reddit Inc · $247M total across 1 segment · Q4 2023
- Advertising$247M—100.0%
Forward guidance
For the fourth quarter of 2024, Reddit estimates revenue in the range of $385 million to $400 million and Adjusted EBITDA in the range of $110 million to $125 million.
Tailwinds
- Revenue is expected to be between $385 million and $400 million.
- Adjusted EBITDA is projected to be between $110 million and $125 million.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
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