RDDT Q1 2024 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q1 2024 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$243M+48.4% YoY

Gross Profit

$215M88.6% margin

Operating Income

-$589M-242.5% margin

Net Income

-$575M-236.7% margin

EPS (Diluted)

$-3.52

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$29M

Stock-Based Comp.

$578M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$178M

Stockholders' Equity

$1.8B

Cash & Equivalents

$969M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$243M	$164M	+48.4%
Gross Profit	$215M	$137M	+57.3%
Operating Income	-$589M	-$71M	-734.6%
Net Income	-$575M	-$61M	-844.8%

Revenue Segments

Advertising

$223M92%

Other Revenue

$20M8%

Geographic Segments

UNITED STATES

$200M82%

Non-US

$43M18%