Sarah Farrell
On May 2, 2024, the Board of Directors of Reddit (the “Board”) appointed Sarah Farrell, Managing Partner of Waygrove Partnership, to the Board.
Highest-materiality recent filing
Reddit Q1 revenue $663M (+69% YoY), net income $204M, Adj. EBITDA $266M (40% margin)
Revenue $663M (+69% YoY); ad revenue $625M (+74%); other revenue $39M (+15%).
Reddit Q4 revenue +70% to $726M; net income $252M; Board authorizes $1B buyback
Q4 revenue $726M (+70% YoY); ad revenue $690M (+75%); DAUq 121.4M (+19%).
Reddit Q3 revenue +68% to $585M, net income $163M, DAUq 116M; Q4 guide $655-665M
Revenue $585M (+68% YoY); advertising $549M (+74% YoY); other revenue $36M (+7% YoY).
Reddit Q2 revenue $500M (+78% YoY), net income $89M, guides Q3 revenue $535-545M
Revenue $500M (+78% YoY); ad revenue $465M (+84% YoY); other revenue $35M (+24%).
Reddit enters amended credit agreement reducing revolver to $500M, extending maturity to 2030
Entered $500M revolver (reduced from prior) maturing July 1, 2030, amending existing credit agreement.
Reddit shareholders elect all eight directors, ratify KPMG, approve say-on-pay annually
All eight director nominees elected; Steven Huffman received 581.6M votes for, 16.1M withheld.
Reddit Q1 revenue $392.4M (+61% YoY), first GAAP net income $26.2M, Q2 revenue guidance $410M-$430M
Revenue $392.4M (+61% YoY), ad revenue $358.6M (+61%), other revenue $33.7M (+66%).
Reddit Q4 revenue $427.7M (+71% YoY), net income $71M, diluted EPS $0.36
DAUq reached 101.7M (+39% YoY); ad revenue $394.5M (+60% YoY); gross margin 92.6%.
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.
Reddit Q2 revenue $281.2M (+54% YoY); first positive Adjusted EBITDA of $39.5M
DAUq hit 91.2M (+51% YoY); WAUq 342.3M (+57% YoY)
Reddit Q1 revenue $243M (+48% YoY), DAUq 82.7M (+37%), first profitable Adjusted EBITDA quarter
Revenue $243.0M (+48% YoY); advertising revenue $222.7M (+39% YoY); other revenue $20.3M (+450% YoY).
On May 2, 2024, the Board of Directors of Reddit (the “Board”) appointed Sarah Farrell, Managing Partner of Waygrove Partnership, to the Board.
Max materiality 0.90 · Median 0.85 · Most common event earnings