Reddit Q3 2024 Earnings: Revenue Surges by 68% YoY at USD 348.4 Million
Reddit reported a 68% revenue surge in Q3 2024, with a 90.1% gross margin and an improvement in operating cash flow since going public.
Reddit has announced a strong performance in its Q3 2024 earnings since going public in March. Reddit revenue surged by 68 per cent year-over-year, reaching at USD 348.4 million, with ad revenue increased by 56 per cent year-over-year to USD 315.1 million. Reddit’s gross margin was 90.1 per cent, an improvement of 280 basis points from the prior year. The operating cash flow of the company was USD 71.6 million, which is an improvement of USD 79.3 million from the last year. Snap Inc Q3 2024 Earnings: Revenue Hits USD 1.37 Billion, Daily Active Users Grow to 443 Million.
Reddit Q3 2024 Earnings
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