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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 348M | 23.9% |
| Gross Profit | 314M | 24.6% |
| Cost of Revenue | 35M | 17.4% |
| Operating expense | 307M | 8.5% |
| Net Income | 30M | 395.6% |
| EBITDA | 6.9M | 122.1% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.17B | 4.6% |
| Total Liabilities | 194M | 6.3% |
| Total Equity | 1.98B | 4.4% |
| Shares Outstanding | 192M | 17% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 72M | 152.3% |
| Cash from financing | -32M | 239.6% |
EPS
Financial Highlights for Reddit in Q3 '24
Reddit reported a revenue of 348M, which is a 23.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 314M, marking a 24.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 35M, a 17.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 307M, showing a 8.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 30M, showing a 395.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 6.9M, showing a 122.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Reddit with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
