RDDT Q2 2023 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q2 2023 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$183M+23.2% YoY

Gross Profit

$154M84.2% margin

Operating Income

-$53M-29.0% margin

Net Income

-$41M-22.5% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+11.8%

Cash Flow

Operating Cash Flow

-$54M

Free Cash Flow

-$55M

Stock-Based Comp.

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$183M	$149M	+23.2%
Gross Profit	$154M	$123M	+25.7%
Operating Income	-$53M	-$56M	+5.9%
Net Income	-$41M	-$56M	+26.2%