Reddit Q3 GAAP net income $29.9M, revenue +68% to $348.4M, DAUq 97.2M (+47%)

Reddit, Inc.

2024-Q3 EPS reported -$4.12 revenue$872,498,000

GAAP net income of $29.9M vs loss of $7.4M YoY; first GAAP-profitable quarter.
Adjusted EBITDA $94.1M (27.0% margin) vs -$6.9M YoY; fourth consecutive positive Adj. EBITDA.
Revenue $348.4M, up 68% YoY; ad revenue $315.1M (+56%), other revenue $33.2M (+547%) from data licensing.
DAUq 97.2M (+47% YoY); international DAUq +44%, machine translation driving 4x incremental DAUq.
Q4 guidance: revenue $385M-$400M, Adj. EBITDA $110M-$125M; new data licensing partnership with Meltwater.

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