Financial Performance - Revenue grew 68% year-over-year to $585 million, with ad revenue increasing 74% to $549 million[3] - Net income reached $163 million, representing 28% of revenue, an increase of $133 million from the prior year[3] - Adjusted EBITDA was $236 million, accounting for 40% of revenue, an improvement of $142 million from the prior year[3] - Operating cash flow was $185 million, an increase of $114 million from the prior year[3] - Free Cash Flow was $183 million, up $113 million from the prior year[3] - Reddit, Inc. reported revenue of $584.9 million for the three months ended September 30, 2025, representing a 68% increase from $348.4 million in the same period of 2024[24] - The company achieved a net income of $162.7 million for the three months ended September 30, 2025, compared to a net income of $29.9 million in the prior year, marking a significant improvement[24] - Adjusted EBITDA for the three months ended September 30, 2025, was $236.0 million, with an adjusted EBITDA margin of 40.3%, compared to 27.0% in the prior year[26] Cash Flow - Operating cash flow for the three months ended September 30, 2025, was $185.2 million, up from $71.6 million in the same period of 2024, resulting in an operating cash flow margin of 31.7%[27] - Free cash flow for the three months ended September 30, 2025, was $183.1 million, compared to $70.3 million in the same period of 2024, with a free cash flow margin of 31.3%[27] Assets and Liabilities - Total current assets increased to $2.77 billion as of September 30, 2025, from $2.22 billion as of December 31, 2024, reflecting strong liquidity[23] - Reddit's total assets reached $2.88 billion as of September 30, 2025, compared to $2.34 billion at the end of 2024, indicating robust growth[23] - The company reported total liabilities of $265.7 million as of September 30, 2025, an increase from $205.8 million at the end of 2024[23] - The company’s accumulated deficit decreased to $922.7 million as of September 30, 2025, from $1.20 billion at the end of 2024, reflecting improved financial performance[23] Research and Development - Research and development expenses for the three months ended September 30, 2025, were $196.4 million, up from $166.7 million in the same period of 2024, highlighting continued investment in innovation[24] User Engagement - Daily Active Uniques (DAUq) increased 19% year-over-year to 116.0 million[1] - Average Revenue Per Unique (ARPU) increased 41% year-over-year to $5.04 globally[22] Future Guidance - Revenue guidance for Q4 2025 is estimated to be between $655 million and $665 million[7] - Adjusted EBITDA guidance for Q4 2025 is projected to be between $275 million and $285 million[7]
Reddit(RDDT) - 2025 Q3 - Quarterly Results