NYSE$RDDT
Reddit Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Reddit reported Q4 2024 revenue of $427.7 million, a 71% year-over-year increase, with net income rising to $71 million. However, the company missed analyst expectations for Daily Active Uniques, reporting 101.7 million against a consensus of 103.8 million. Following the earnings release, Reddit's stock experienced a significant decline in after-hours trading.
Headline financials
Revenue & EPS history
Reddit Inc · Revenue · Quarterly
$428M
Revenue by segment
Reddit Inc · $247M total across 1 segment · Q4 2023
- Advertising$247M—100.0%
Forward guidance
Reddit expects Q1 2025 revenue to be in the range of $360M to $370M, with adjusted EBITDA between $80M and $90M. The company remains focused on growth initiatives and enhancing user engagement.
Tailwinds
- Revenue growth momentum continues into Q1 2025.
- Strong improvement in adjusted EBITDA margins.
- Increased user engagement and DAUq growth.
- Positive cash flow generation from operations.
- International expansion showing strong growth potential.
Headwinds
- Market uncertainties could impact ad revenue growth.
- Competition in the digital advertising space remains intense.
- User acquisition costs may increase due to expansion efforts.
- Potential macroeconomic headwinds affecting consumer spending.
- Operational costs expected to rise with further scaling.
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 Q4 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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