RDDT Q2 2024 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q2 2024 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$281M+53.6% YoY

Gross Profit

$252M89.5% margin

Operating Income

-$31M-11.0% margin

Net Income

-$10M-3.6% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+15.7%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$27M

Stock-Based Comp.

$64M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$183M

Stockholders' Equity

$1.9B

Cash & Equivalents

$468M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$281M	$183M	+53.6%
Gross Profit	$252M	$154M	+63.2%
Operating Income	-$31M	-$53M	+41.4%
Net Income	-$10M	-$41M	+75.4%

Revenue Segments

Advertising

$253M90%

Other Revenue

$28M10%

Geographic Segments

UNITED STATES

$228M81%

Non-US

$53M19%