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AI brief of an SEC Form 8-K · Reddit (RDDT)

Reddit Q2 revenue rises 54% to $281.2 million; net loss narrows to $10.1 million

Positive Impact 3 of 5 earnings Written later

Reddit reported second-quarter 2024 results for the period ended June 30, 2024, with revenue up 54% year-over-year to $281.2 million and Adjusted EBITDA of $39.5 million, compared with a $35.4 million loss a year earlier. The net loss narrowed to $10.1 million from $41.1 million, and the company estimated third-quarter revenue of $290 million to $310 million and Adjusted EBITDA of $40 million to $60 million.

Key points

  • Q2 2024 revenue was $281.2 million, up 54% year-over-year; advertising revenue was $253.1 million, up 41%
  • Net loss was $10.1 million, compared with $41.1 million in Q2 2023; the six-month net loss was $585.2 million
  • Adjusted EBITDA was $39.5 million, a 14.0% margin, versus $(35.4) million a year earlier
  • Q3 2024 estimates: revenue of $290 million to $310 million and Adjusted EBITDA of $40 million to $60 million

The filing

CompanyReddit (RDDT)
Form8-K, current report
Filed with the SECAug 6, 2024, 4:08 PM ET
Accession number0001713445-24-000052

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.