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Reddit(RDDT) - 2024 Q3 - Quarterly Results
RDDTReddit(RDDT)2024-10-29 20:14

Exhibit 99.1 Reddit Announces Third Quarter 2024 Results Daily Active Uniques ("DAUq") increased 47% year-over-year to 97.2 million Strong revenue growth of 68% to 348.4millionAchievedGAAPprofitabilitywithnetincomeof348.4 million Achieved GAAP profitability with net income of 29.9 million and net margin of 8.6% Adjusted EBITDA of 94.1millionandAdjustedEBITDAmarginof27.094.1 million and Adjusted EBITDA margin of 27.0% 1 1 1 Positive operating cash flow of 71.6 million and Free Cash Flow of 70.3million,invested70.3 million, invested 66 million to net settle 1.2 million employee shares SAN FRANCISCO, Calif. – Octo ...