Every material Form 8-K Reddit filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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
Reddit reported first-quarter 2024 results, with revenue up 48% year-over-year to $243.0 million and a net loss of $575.1 million, compared with $60.9 million a year earlier. The company said the loss was driven by stock-based compensation and related taxes of $595.5 million tied to IPO charges, while Adjusted EBITDA swung to a profit of $10.0 million. The filing also added Sarah Farrell to the board and gave second-quarter revenue and Adjusted EBITDA ranges.
Q1 2024 revenue was $243.0 million, up 48% year-over-year; advertising revenue was $222.7 million, up 39%
Net loss was $575.1 million versus $60.9 million in Q1 2023, driven by $595.5 million of stock-based compensation and related taxes tied to IPO charges
Adjusted EBITDA was $10.0 million versus a loss of $(50.2) million a year earlier; operating cash flow was $32.1 million
Q2 2024 estimates: revenue of $240 million to $255 million and Adjusted EBITDA of $0 to $15 million; Sarah Farrell joined the board May 2, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Reddit filing is on SEC EDGAR ↗. 8-K briefs of other companies →