Reddit Inc

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

About this filing

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.

Sep 30, 2024 · Filed Oct 30, 2024

RDDT$100.79+6.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except share and per share amounts)

	Three months ended September 30,		Nine months ended September 30,
	2024	2023	2024	2023
Revenue	$348,351	$207,508	$872,498	$554,279
Costs and expenses:
Cost of revenue	34,633	26,395	91,750	82,094
Research and development	166,701	108,285	746,508	326,778
Sales and marketing	74,510	55,114	270,063	172,250
General and administrative	65,653	37,299	377,617	116,333
Total costs and expenses	341,497	227,093	1,485,938	697,455
Income (loss) from operations	6,854	(19,585)	(613,440)	(143,176)
Other income (expense), net	22,968	12,647	58,246	36,677
Income (loss) before income taxes	29,822	(6,938)	(555,194)	(106,499)
Income tax expense (benefit)	(31)	445	118	2,859
Net income (loss)	$29,853	$(7,383)	$(555,312)	$(109,358)
Net income (loss) per share attributable to Class A and Class B common stock (Note 4)
Basic	$0.18	$(0.13)	$(4.12)	$(1.87)
Diluted	$0.16	$(0.13)	$(4.12)	$(1.87)
Weighted-average shares of Class A and Class B common stock used to compute net income (loss) per share attributable to common stockholders
Basic	169,169,922	58,855,589	134,723,892	58,495,544
Diluted	192,322,916	58,855,589	134,723,892	58,495,544

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.