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Reddit | 10-Q: Quarterly report

Reddit | 10-Q: Quarterly report

Reddit | 10-Q:季度報表
美股SEC公告 ·  2024/08/08 04:10

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Reddit reported strong Q2 2024 financial results with revenue reaching $281.2 million, up 54% year-over-year, driven by increased advertising revenue and data licensing agreements. Daily Active Users (DAUq) grew 51% to 91.2 million, while Average Revenue Per User (ARPU) increased 2% to $3.08. The company maintained a robust gross margin of 89.5%.Operating expenses rose to $282.7 million from $207.2 million in Q2 2023, primarily due to increased stock-based compensation expenses. Net loss narrowed significantly to $10.1 million compared to a $41.1 million loss in the prior year period. Adjusted EBITDA improved to $39.5 million from negative $35.4 million year-over-year.The company's financial position remained solid with $1.7 billion in cash, cash equivalents, and marketable securities as of June 30, 2024. Free Cash Flow turned positive at $27.2 million compared to negative $54.9 million in Q2 2023, demonstrating improved operational efficiency. Reddit continues to focus on expanding its advertising business and exploring new revenue streams including data licensing opportunities.
Reddit reported strong Q2 2024 financial results with revenue reaching $281.2 million, up 54% year-over-year, driven by increased advertising revenue and data licensing agreements. Daily Active Users (DAUq) grew 51% to 91.2 million, while Average Revenue Per User (ARPU) increased 2% to $3.08. The company maintained a robust gross margin of 89.5%.Operating expenses rose to $282.7 million from $207.2 million in Q2 2023, primarily due to increased stock-based compensation expenses. Net loss narrowed significantly to $10.1 million compared to a $41.1 million loss in the prior year period. Adjusted EBITDA improved to $39.5 million from negative $35.4 million year-over-year.The company's financial position remained solid with $1.7 billion in cash, cash equivalents, and marketable securities as of June 30, 2024. Free Cash Flow turned positive at $27.2 million compared to negative $54.9 million in Q2 2023, demonstrating improved operational efficiency. Reddit continues to focus on expanding its advertising business and exploring new revenue streams including data licensing opportunities.
Reddit報告了2024年第二季度強勁的財務業績,營業收入達到28120萬,同比增長54%,主要受到廣告收入和數據許可協議增加的推動。日活躍用戶數增長51%至9120萬,而每用戶平均收入增加2%至3.08美元。該公司保持了89.5%的高毛利率。營業費用從2023年第二季度的20720萬增加至28270萬,主要是由於股票補償費用增加。淨虧損明顯縮窄至1010萬,而去年同期虧損爲4110萬。調整後的EBITDA從去年的負3540萬改善至3950萬。截至2024年6月30日,公司的財務狀況依然穩固,現金、現金等價物和可交易證券總額爲17億。自由現金流從2023年第二季度的負5490萬轉爲正2720萬,顯示出運營效率的改善。Reddit繼續專注於擴大其廣告業務,並探索包括數據許可機會在內的新收入來源。
Reddit報告了2024年第二季度強勁的財務業績,營業收入達到28120萬,同比增長54%,主要受到廣告收入和數據許可協議增加的推動。日活躍用戶數增長51%至9120萬,而每用戶平均收入增加2%至3.08美元。該公司保持了89.5%的高毛利率。營業費用從2023年第二季度的20720萬增加至28270萬,主要是由於股票補償費用增加。淨虧損明顯縮窄至1010萬,而去年同期虧損爲4110萬。調整後的EBITDA從去年的負3540萬改善至3950萬。截至2024年6月30日,公司的財務狀況依然穩固,現金、現金等價物和可交易證券總額爲17億。自由現金流從2023年第二季度的負5490萬轉爲正2720萬,顯示出運營效率的改善。Reddit繼續專注於擴大其廣告業務,並探索包括數據許可機會在內的新收入來源。
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