Reddit Reports Strong Q4 & FY 2024 Results

San Francisco, Calif. – Reddit, Inc. (NYSE: RDDT) reported strong fourth-quarter and full-year 2024 results. Daily Active Uniques (DAUq) increased 39% year-over-year to 101.7 million. Fourth-quarter revenue grew 71% year-over-year to $427.7 million, with a gross margin of 92.6%. Net income for the quarter reached $71.0 million (16.6% of revenue), and diluted EPS was $0.36. Adjusted EBITDA for Q4 was $154.3 million (36.1% of revenue).

For the full year 2024, Reddit reported a 62% increase in total revenue to $1.3 billion. Gross margin for the full year was 90.5%. Net loss was $484.3 million, while Adjusted EBITDA was $298.0 million.

Reddit provided Q1 2025 guidance, projecting revenue between $360 million and $370 million, and Adjusted EBITDA between $80 million and $90 million.