Reddit Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
RDDT$100.79+6.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $242,963 | $163,740 |
| Costs and expenses: | ||
| Cost of revenue | 27,616 | 26,863 |
| Research and development | 437,030 | 108,767 |
| Sales and marketing | 124,095 | 57,911 |
| General and administrative | 243,477 | 40,801 |
| Total costs and expenses | 832,218 | 234,342 |
| Income (loss) from operations | (589,255) | (70,602) |
| Other income (expense), net | 14,554 | 10,724 |
| Income (loss) before income taxes | (574,701) | (59,878) |
| Income tax expense (benefit) | 365 | 988 |
| Net income (loss) | $(575,066) | $(60,866) |
| Net income (loss) per share attributable to Class A and Class B common stock, basic and diluted (Note 4) | $(8.19) | $(1.05) |
| Weighted-average shares of Class A and Class B common stock used to compute net income (loss) per share attributable to common stockholders, basic and diluted | 70,240,492 | 58,114,745 |
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