How did Reddit's revenue and expenses shift in Q4 2024?
5/9/2025 03:42pm
In Q4 2024, Reddit Inc. (RDDT) experienced a significant shift in its financial performance compared to the previous quarter. The company's total revenue increased by approximately 27% to $427.71 million, up from $337.08 million in Q3 2024. However, the total expenses also rose, albeit at a lower rate, amounting to $71.04 million, compared to $64.22 million in the previous quarter. Despite the increase in expenses, the net income for Q4 2024 was not impacted negatively, with the company reporting a robust net income of $356.67 million, up from $272.86 million in Q3 2024.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|RDDT|RDDT.N|Reddit|2023 Q4|2.4975E8||1.8534E7|169|
|RDDT|RDDT.N|Reddit|2024 Q1|2.42963E8||-5.75066E8|169|
|RDDT|RDDT.N|Reddit|2024 Q2|2.81184E8||-1.0099E7|169|
|RDDT|RDDT.N|Reddit|2024 Q3|3.48351E8||2.9853E7|169|