Reddit Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
RDDT$100.79+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $1,300,205 | $804,029 | $666,701 |
| Costs and expenses: | |||
| Cost of revenue | 123,595 | 111,011 | 104,799 |
| Research and development | 935,152 | 438,346 | 365,164 |
| Sales and marketing | 350,579 | 230,175 | 225,078 |
| General and administrative | 451,447 | 164,658 | 143,822 |
| Total costs and expenses | 1,860,773 | 944,190 | 838,863 |
| Income (loss) from operations | (560,568) | (140,161) | (172,162) |
| Other income (expense), net | 75,361 | 53,138 | 14,234 |
| Income (loss) before income taxes | (485,207) | (87,023) | (157,928) |
| Income tax expense (benefit) | (931) | 3,801 | 622 |
| Net income (loss) | $(484,276) | $(90,824) | $(158,550) |
| Net income (loss) per share attributable to Class A and Class B common stock, basic and diluted (Note 4) | $(3.33) | $(1.54) | $(2.77) |
| 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 | 145,472,389 | 59,138,086 | 57,251,112 |
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