How did Reddit's Q4 2024 results compare to previous quarters?
3/30/2025 06:25pm
Reddit's Q4 2024 financial results showed an improvement in revenue and a significant increase in net income compared to the previous quarter, Q4 2023.
1. **Revenue Comparison**:
- In Q4 2024, Reddit's total revenue was $1.3 billion.
- In Q4 2023, the revenue was $804.03 million.
- This indicates a substantial increase in revenue from Q4 2023 to Q4 2024.
2. **Net Income Comparison**:
- Reddit reported a net loss of $484.28 million in Q4 2024.
- In Q4 2023, the net loss was $90.82 million.
- Despite the negative net income, the loss has significantly increased from Q4 2023 to Q4 2024.
3. **Overall Comparison**:
- Reddit's financial performance in Q4 2024 demonstrates robust revenue growth, although the company still operates at a loss. The increased revenue and higher net loss indicate that Reddit is investing heavily or facing significant costs that affect its profitability.
|code|Ticker|Name|Date|Total Revenue (FY)|Net Income (FY)|market_code|
|---|---|---|---|---|---|---|
|RDDT|RDDT.N|Reddit|2022|6.66701E8|-1.5855E8|169|
|RDDT|RDDT.N|Reddit|2023|8.04029E8|-9.0824E7|169|
|RDDT|RDDT.N|Reddit|2024|1.300205E9|-4.84276E8|169|