RDDT Q3 2024 Earnings — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

RDDTReddit, Inc.

$26B

Q3 2024 Earnings

Communication Services Internet Content & Information

Income Statement

Revenue

$348M+67.9% YoY

Gross Profit

$314M90.1% margin

Operating Income

$7M2.0% margin

Net Income

$30M8.6% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+23.9%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$70M

Stock-Based Comp.

$75M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$194M

Stockholders' Equity

$2.0B

Cash & Equivalents

$516M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$348M	$208M	+67.9%
Gross Profit	$314M	$181M	+73.2%
Operating Income	$7M	-$20M	+135.0%
Net Income	$30M	-$7M	+504.3%

Revenue Segments

Advertising

$315M90%

Other Revenue

$33M10%

Geographic Segments

UNITED STATES

$288M83%

Non-US

$60M17%