Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Reddit (RDDT)

Reddit Q3 revenue rises 68% to $348.4 million and swings to $29.9 million profit

Positive Impact 3 of 5 earnings Written later

Reddit reported third-quarter 2024 revenue of $348.4 million, up 68% from $207.5 million a year earlier, and net income of $29.9 million, compared with a net loss of $7.4 million in the prior-year quarter. The company also estimated fourth-quarter 2024 revenue of $385 million to $400 million and Adjusted EBITDA of $110 million to $125 million, which gives shareholders a first look at near-term expectations.

Key points

  • Q3 2024 revenue was $348.4 million, up 68% year-over-year; advertising revenue was $315.1 million, up 56%
  • Net income was $29.9 million, versus a net loss of $7.4 million in Q3 2023
  • Q4 2024 estimates: revenue of $385 million to $400 million and Adjusted EBITDA of $110 million to $125 million
  • Average daily active uniques reached 97.2 million, up 47% year-over-year

The filing

CompanyReddit (RDDT)
Form8-K, current report
Filed with the SECOct 29, 2024, 4:14 PM ET
Accession number0001713445-24-000099

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 October 29, 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.