Reddit had a strong year with significant revenue and user growth, achieving GAAP profitability and expanding its advertising business. Despite some challenges like the Google algorithm change and stock-related charges, the company's innovative product developments and international expansion highlight a positive outlook.

Company Guidance

During Reddit's fourth quarter and full year 2024 earnings call, the company highlighted several key metrics and achievements. Reddit surpassed $1 billion in revenue for the year, driven by a 71% year-over-year increase in total revenue during Q4, amounting to $428 million. The platform's daily active users (DAUs) grew to 101.7 million, marking a 39% year-over-year increase, with international growth leading at 46%. Logged-in users rose by 27%, maintaining a steady upward trend for the past two years. Reddit also achieved GAAP profitability for the second consecutive quarter, with adjusted EBITDA reaching $154 million and a net income of $71 million. Advertising revenue grew by 60% year-over-year to $395 million in Q4, with international ad revenue experiencing a 77% year-over-year increase. The company emphasized its focus on international expansion and the rollout of machine translation in eight languages to support global growth. Reddit's advertising business is diversifying, with 10 of its top 15 verticals growing over 50% year-over-year. The platform's search capabilities are improving, with the launch of Reddit Answers, an AI-powered search tool providing curated summaries of community discussions. Reddit's mission has been updated to empower communities and make their knowledge accessible to all, highlighting the importance of personalized and contextual ad experiences.

Record Revenue and Growth

Reddit surpassed $1 billion in revenue for 2024, marking a 71% year-over-year growth in Q4. Total revenue for the year was $1.3 billion, growing 62% year-over-year.

Strong Advertising Business

Advertising revenue grew 60% year-over-year in Q4 to $395 million. International ad revenue grew 77% year-over-year, the fastest growth in over 2 years.

GAAP Profitability Achieved

For the second consecutive quarter, Reddit was GAAP profitable with a net income of $71 million in Q4, and adjusted EBITDA reached $154 million.

Impressive User Growth

Daily active users (DAUs) reached 101.7 million, marking a 39% year-over-year increase, with international growth leading at 46%.

Innovative Product Developments

Introduction of Reddit Answers, an AI-powered search tool, showed promise in providing curated summaries of community discussions.

---

Reddit Inc Class A (RDDT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RDDT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2025	2025 (Q1)	0.02 / -	-8.19	―	―	―
Feb 12, 2025	2024 (Q4)	0.25 / 0.36	0.21	71.43% (+0.15)	―
Oct 29, 2024	2024 (Q3)	-0.07 / 0.16	-0.045	455.56% (+0.21)	―
Aug 06, 2024	2024 (Q2)	-0.32 / -0.06	-0.252	76.19% (+0.19)	―
May 07, 2024	2024 (Q1)	-8.75 / -8.19	-0.373	-2095.71% (-7.82)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

RDDT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$216.47	$204.95	-5.32%
Oct 29, 2024	$81.74	$116.05	+41.97%
Aug 06, 2024	$54.36	$50.69	-6.75%
May 07, 2024	$49.40	$51.40	+4.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---