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.
2
Daily Active Users (DAUq) hit an all-time high, averaging 91.2 million for a 51% year-over-year growth.
3
The number of comments viewed reached a new peak, signaling strong user engagement and discussion within communities.
4
International DAUq surged 44% year-over-year, highlighting Reddit's growing global presence.
5
Machine translation fueled significant user growth in France, prompting expansion to Spanish, German, and Portuguese.
6
Reddit isn't just reflecting these events it's actively shaping how fans experience them.
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.
Click Read More! To know more about what other things which Reddit shared with its Shareholders in the Q2 - 2024 Letter