secwatch.observer — SEC 8-K summary
======================================

Issuer:     Reddit, Inc. (RDDT)
CIK:        0001713445
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001713445-24-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713445/000171344524000099/0001713445-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713445/000171344524000099/rddt-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001713445-24-000099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer