And average revenue per user of $5.23 up 44%. Still a fraction of Instagram – despite highly targetable specific discussion groups
DAUs up 17%. Led by international up 26%. Revenue overall up 69% to $609 million and net income nearly doubled to $204 million.
They are buying back A Lot of shares while they are growing this fast.
At under 20X 2027 RDDT is a great value in my opinion.
Reddit reports Free Cash Flow of $311 million versus $127 million. Strong
byu/Always_Curious_One2 ininvesting
Posted by Always_Curious_One2
3 Comments
Have you ever seens an add on reddit and went through with the purchsse?
Coincidentally Reddit is getting exponentially worse each month somehow
Do you want an actual social media experience? Then you use reddit.
Do you want to gossip and spy on people you know and scroll through ad feeds? Then you use meta products.