What You Need To Know Ahead of Reddit’s First Earnings Report Since Its IPO [Video]

Reddit (RDDT) is set to announce on Tuesday its first quarterly earnings since the social media company made its trading debut on the New York Stock Exchange (NYSE) in March.

Securities and Exchange Commission (SEC) filings show Reddit’s 2023 revenue was $804 million, representing 21% growth from 2022’s $666.7 million. Reddit’s net loss was $90.8 million in 2023, narrowing from $158.6 million the previous year.

For the fourth quarter of 2023, Reddit said its revenue came in at $249.8 million, up from $207.5 million in the third quarter and $200.4 million in the fourth quarter of 2022, suggesting Reddit’s recent revenue trajectory has been one characterized by growth. However, Reddit also saw its revenue decline in first quarter of 2023 from the fourth quarter of 2024 as well as the first quarter of 2022 from the fourth quarter of 2021, in what could point to seasonal weakness in the first quarter.

Reddit offers investors a look …