Congrats Team Reddit, Inc. on our first quarterly earnings since becoming a publicly traded company: +48% YoY revenue to $243 million, +37% YoY Daily Active Uniques (“DAUq”) to 82.7 million and first profitable Q1 on an Adjusted EBITDA basis #TeamWork #Reddit
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
Congratulations Team Reddit !
Wow congratulations!
Finance, Kong Inc.
3wCongratulations on a great quarter and an even better guidance!