RDDT Q3 2023 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q3 2023 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$208M+21.0% YoY

Gross Profit

$181M87.3% margin

Operating Income

-$20M-9.4% margin

Net Income

-$7M-3.6% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+13.4%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$12M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$157M

Stockholders' Equity

$1.4B

Cash & Equivalents

$434M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$208M	$172M	+21.0%
Gross Profit	$181M	$143M	+26.3%
Operating Income	-$20M	-$51M	+61.6%
Net Income	-$7M	-$45M	+83.7%