Gagan Ghotra

Q2 2024

Reddit's Letter to Share Holders

Some key points to know

1

Reddit's Q2 revenue increased by 54% year-over-year, more than doubling the growth rate from the previous year.

Revenue Skyrockets 54% YoY Growth!

2

Daily Active Users (DAUq) hit an all-time high, averaging 91.2 million for a 51% year-over-year growth.

Users Are Flocking to Reddit Like Never Before

3

The number of comments viewed reached a new peak, signaling strong user engagement and discussion within communities.

Conversations Are King Engagement Reaches New Heights

4

International DAUq surged 44% year-over-year, highlighting Reddit's growing global presence.

Beyond the US - Reddit Takes the World by Storm

5

Machine translation fueled significant user growth in France, prompting expansion to Spanish, German, and Portuguese.

Breaking Down Barriers Machine Translation Fuels Global Growth

6

Reddit isn't just reflecting these events it's actively shaping how fans experience them.

More Than Just Talk Reddit Shapes Global Events

7

Aiming to capitalize on user purchase decisions - Many users are already on Reddit discussing products.  This is about turning that intent into directly measurable sales.

Dynamic Product Ads Turning Conversations into Conversions

Palm Leaf

Curious

Click Read More! To know more about what other things which Reddit shared with its Shareholders in the Q2 - 2024 Letter