The news: Reddit posted $427.7 million in Q4 revenue, a 71% year-over-year increase, marking its second consecutive GAAP-profitable quarter. Full-year revenue climbed 62% YoY to $1.3 billion, fueled by advertising growth and international expansion.
Despite these strong financials, Reddit’s stock dropped nearly 14% after hours, as Daily Active Uniques (DAUq) came in below analyst projections.
By the numbers:
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