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Reddit Sees Q3 2024 Revenue $290M-$310M Vs $253M Estimate

Author: Benzinga Newsdesk | August 06, 2024 04:12pm

Financial Outlook

The guidance provided below is based on Reddit's current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit's reports on file with the Securities and Exchange Commission. Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.

As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the third quarter.

In the third quarter of 2024, we estimate:

  • Revenue in the range of $290 million to $310 million
  • Adjusted EBITDA2 in the range of $40 million to $60 million

Posted In: RDDT

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