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Reddit Q4 Earnings: RDDT Stock Analysis & Expectations
Reddit Inc. (NYSE: RDDT) is set to report its Q4 2024 earnings after market close on February 12, 2025. This article thoroughly reviews the company’s Q3 2024 financial performance, detailed revenue segmentation, key market trends, and an analysis of options chain data. The insights shared here are tailored for investors and market researchers looking for reliable stock analysis and stock market research. All figures and metrics are based on the confirmed Q3 2024 results (ending September 30, 2024) and upcoming Q4 2024 earnings guidance.
Q3 2024 Financial Performance
For the quarter ending September 30, 2024, Reddit Inc. delivered a notable performance with strong revenue growth and significant improvements in profitability. Key financial metrics from Q3 2024 are as follows:
- Total Revenue: $348.4 million, a 68% increase year-over-year
- Advertising Revenue: $315.1 million (56% YoY increase), accounting for 90.5% of total revenue
- Data Licensing & Other Revenue: $33.3 million (547% YoY increase)
Profitability and Cash Flow
The company achieved its first GAAP profit in Q3 2024:
- GAAP Net Income: $29.9 million, a turnaround from a $7.4 million loss YoY
- GAAP Diluted EPS: $0.16552
- Adjusted EBITDA: $94.1 million, up by $129.5 million YoY
Cash flow metrics further underline Reddit’s improved financial health:
- Operating Cash Flow: $71.6 million
- Free Cash Flow: $70.3 million
User Engagement
Robust user metrics continue to support the company’s revenue drivers:
- Daily Active Uniques (DAUq): 97.2 million, a 47% increase YoY
- International DAUq: 49.0 million, up by 44% YoY
These figures underscore the platform’s expanding reach and growing engagement, which is critical for its advertising-driven business model.
