Reddit (RDDT) PT Raised to $185 at JPMorgan

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Go back to Reddit (RDDT) PT Raised to $185 at JPMorgan

Reddit Announces Fourth Quarter and Full Year 2024 Results

February 12, 2025 4:08 PM EST

Daily Active Uniques (DAUq) increased 39% year-over-year to 101.7 million

Fourth Quarter Revenue grew 71% year-over-year to $427.7 million

Gross margin reached 92.6% for the fourth quarter and 90.5% for the full year

Fourth Quarter Net income of $71.0 million, 16.6% of revenue. Diluted EPS of $0.36

Fourth Quarter Adjusted EBITDA1 of $154.3 million, 36.1% of revenue

Fourth Quarter Operating cash flow of $90.0 million. Fully diluted shares of 206.2 million, down sequentially

SAN FRANCISCO--(BUSINESS WIRE)-- Reddit, Inc. (NYSE:... More