Reddit, Inc. reposted this
Today was Reddit, Inc.’s first quarterly earnings since becoming a publicly traded company. In Q1, we: - Saw record traffic as Weekly Active Uniques grew 40% YoY to an all-time high of 306 million - Recorded our fastest YoY revenue growth (+48%) since Q1 ‘22 to $243 million - Scaled and diversified our advertising business across geographies, channels, and verticals - Introduced Reddit Pro and Free-form ads to help brands engage more deeply with our communities. - Signed new partnerships in our emerging data licensing business This was a milestone quarter for Reddit and our communities. As we look to the future, we’re especially excited to continue to: - Build out our suite of full-funnel solutions. Our performance advertising business drove more than half of our revenue growth in Q1 - Use ML and AI to improve relevance, engagement, and moderation - Scale international growth by localizing content in priority markets Learn more at: https://lnkd.in/eyFsD8GU
Reddit, Inc. wow almost 80 cents a user in the quarter. But if this trend holds with normal growth levels you are on track to a $1 billion + revenue in year 1 since launch
Branden Long
4w
Monetizing there users for a few pennies. Exactly the type of privacy exploitation that Spez planned all along. He's worse than Zuckerberg.
Taj Ahmad
4w
Congratulations to Reddit team for this great achievement 👍
James Mackey
4w
so hot this summer
Navarrow Wright
1mo
congrats Jim Squires
Not your usual Accountant! - Partnering with business leaders enabling Margin Optimisation, Profit Maximisation & Value Creation - Consultant CFO-Board Advisor-NED-Mentor-Golfer
1moThe 2nd Qtr might save us.....stock popping 18%...!