Overview
- Revenue rose 68% to $585 million versus $546 million expected, with earnings per share at $0.80 versus $0.51 forecast.
- Reddit guided fourth-quarter revenue to $655 million–$665 million and projected adjusted EBITDA of $275 million–$285 million, both above consensus.
- Daily active uniques reached 116 million, up 19% year over year, as average revenue per user increased 41% and translation support expanded to 30 languages.
- The company says AI-driven ad tools now place targeted promotions directly within relevant subreddit discussions to boost marketer performance.
- Reddit continues to license data to Google and OpenAI and has sued Perplexity AI and others over alleged unauthorized scraping to protect its content value.