{"schema_version":"secwatch.filing_event.v1","accession":"0001713445-24-000003","form_type":"8-K","ticker":"RDDT","cik":"0001713445","company_name":"Reddit, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.705425+00:00","generated_at":"2026-06-02T19:10:27.102653+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Reddit Q1 revenue $243M (+48% YoY), DAUq 82.7M (+37%), first profitable Adjusted EBITDA quarter","bullets":["Revenue $243.0M (+48% YoY); advertising revenue $222.7M (+39% YoY); other revenue $20.3M (+450% YoY).","DAUq 82.7M (+37% YoY); WAUq 306.2M (+40% YoY). U.S. DAUq +45%, International +30%.","Net loss $575.1M driven by $595.5M in IPO-related SBC; Adjusted EBITDA $10.0M vs. $(50.2M) prior year.","Q2 2024 guidance: revenue $240-255M, Adjusted EBITDA $0-15M; management targets revenue growth 2x cost growth.","Board appointed Sarah Farrell (Waygrove Partnership) as new independent director, Audit Committee member."],"urls":{"canonical":"https://secwatch.observer/filing/0001713445-24-000003","json":"https://secwatch.observer/filing/0001713445-24-000003.json","markdown":"https://secwatch.observer/filing/0001713445-24-000003.md","text":"https://secwatch.observer/filing/0001713445-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1713445/000171344524000003/0001713445-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1713445/000171344524000003/rddt-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:10:27.102653+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f48808f248e91b2105f5f8c1869cc5c1231e500c","claim":"Reddit, Inc. reported the quarter ended March 31, 2024 results: revenue $243.0 million, net income ($575.1) million.","evidence_excerpt":"EX-99.1 (EX-99.1) --- Reddit Announces First Quarter 2024 Results Record user traffic, Daily Active Uniques (“DAUq”) increased 37% to 82.7 million Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter Net loss driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis Operating cash flow of $32.1 million and positive","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344524000003/0001713445-24-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$243.0 million"},{"label":"Net income","value":"($575.1) million"},{"label":"Result","value":"reported results"}]},{"claim_id":"d5c438b65b","claim":"Sarah Farrell was appointed as Director at Reddit, Inc..","evidence_excerpt":"On May 2, 2024, the Board of Directors of Reddit (the “Board”) appointed Sarah Farrell, Managing Partner of Waygrove Partnership, to the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344524000003/0001713445-24-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}