More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Financial Data and Key Metrics Changes - Q3 revenue grew 68% year-over-year to $348.4 million, with advertising revenue increasing 56% year-over-year to $315.1 million [17][34] - GAAP profitability was achieved for the first time, with net income of $30 million, a significant improvement from a loss in the previous year [34][48] - Adjusted EBITDA was $94 million, representing a 27% margin, nearly double the Q2 margin of 14% [44][34] - Free cash flow for Q3 was $70 million, accounting for 20% of revenue, with cash on the balance sheet ending at $1.74 billion [46][34] Business Line Data and Key Metrics Changes - Advertising business growth was driven by strong performance across various objectives, channels, and geographies, with mid- and lower-funnel objectives contributing significantly to revenue growth [17][19][21] - The number of clicks more than doubled in Q3, indicating enhanced lower funnel capabilities [20] - International revenue grew 57% year-over-year, with notable strength in EMEA markets [21][17] Market Data and Key Metrics Changes - Daily Active Users (DAU) averaged over 97 million, a 47% increase year-over-year, with international DAU growing 44% year-over-year [6][11] - The company exceeded 100 million DAU on several occasions during the quarter, marking a significant milestone [7] - The word "Reddit" was the sixth most Googled term in the U.S. in 2024, highlighting its growing influence [7] Company Strategy and Development Direction - The company aims to enhance user experience by improving search functionality and making the platform more intuitive for users [14][15] - There is a focus on global expansion, with plans to expand machine translation to over 30 countries by 2025 [13][12] - The strategy includes investing in new product developments, global expansion, and growing the advertising business while maintaining profitable scaling [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current industry environment, noting stability and structural improvements in the core ad business [33] - There is cautious optimism for Q4, with expectations of continued growth despite potential impacts from upcoming elections [140] - The company is focused on turning profitability into cash flow and maintaining a strong financial position moving forward [51][34] Other Important Information - The company launched machine translation in five countries, with plans for further expansion [42][12] - A new Chief Revenue Officer was appointed to lead sales and support functions [31] - The company is actively exploring data licensing opportunities, although visibility into future partnerships remains limited [28][96] Q&A Session All Questions and Answers Question: Will Reddit be able to get more official accounts from government officials/agencies? - The company aims to create a space for businesses and entities to have an official presence on Reddit, enhancing communication and information dissemination [53][55] Question: What are the dynamics of logged-in versus logged-out DAU growth? - Management highlighted a symbiotic relationship with Google, noting that many users intentionally search for Reddit, which serves as a marketing channel to attract new users [56][58] Question: Can you provide a status update on efforts to improve on-platform search? - The company views search as a key investment area for 2025, focusing on enhancing user experience and monetization opportunities [62][63] Question: What are the growth drivers for revenue in the quarter? - Revenue growth was driven by a combination of ad stack improvements, vertical diversification, and the addition of new advertisers [71][74] Question: How does the company view investments versus growth? - The company is focused on measurable investments that yield quick returns, particularly in ad tech and expanding into new markets [80][82] Question: What are the key areas for financial focus moving forward? - The company aims to maintain differentiated revenue growth, high margins, and low capital expenditures to generate meaningful cash flow [51][34]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41983 _________________________ Reddit, Inc. (Exact name of registrant as specified in its ...

Exhibit 99.1 Reddit Announces Third Quarter 2024 Results Daily Active Uniques ("DAUq") increased 47% year-over-year to 97.2 million Strong revenue growth of 68% to $348.4 million Achieved GAAP profitability with net income of $29.9 million and net margin of 8.6% Adjusted EBITDA of $94.1 million and Adjusted EBITDA margin of 27.0% 1 1 1 Positive operating cash flow of $71.6 million and Free Cash Flow of $70.3 million, invested $66 million to net settle 1.2 million employee shares SAN FRANCISCO, Calif. – Octo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41983 _________________________ Reddit, Inc. (Exact name of registrant as specified in its chart ...

Exhibit 99.1 Reddit Announces Second Quarter 2024 Results Strong Q2 results, including both revenue and users each growing over 50% year-over-year Daily Active Uniques ("DAUq") increased 51% year-over-year to 91.2 million Revenue increased 54% to $281.2 million, more than doubling growth rate from prior year Net loss reduced to $10.1 million. Positive Adjusted EBITDA of $39.5 million, up $74.9 million, with 14% Adjusted EBITDA margin, up over 3000 basis points from prior year 1 1 Operating cash flow of $28. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41983 _________________________ Reddit, Inc. (Exact name of registrant as specified in its char ...

Exhibit 99.1 Reddit Announces First Quarter 2024 Results Record user traffic, Daily Active Uniques ("DAUq") increased 37% to 82.7 million Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter Net loss driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis Operating cash flow of $32.1 million and positive free cash flow of $29.2 million SAN FRANCISCO, Calif. – May 7, 2024 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended Mar ...