RDDT Q1 2023 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q1 2023 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$164M+12.0% YoY

Gross Profit

$137M83.6% margin

Operating Income

-$71M-43.1% margin

Net Income

-$61M-37.2% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

-18.3%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$4M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$0

Stockholders' Equity

$1.5B

Cash & Equivalents

-$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$164M	$146M	+12.0%
Gross Profit	$137M	$124M	+10.5%
Operating Income	-$71M	-$35M	-100.6%
Net Income	-$61M	-$35M	-72.5%