Overview
- The company beat expectations with adjusted EPS of $1.24 on revenue of $726 million, up 70% year over year, as net income rose to $252 million.
- Guidance for Q1 calls for $595 million to $605 million in revenue and $210 million to $220 million in adjusted EBITDA, both above analyst estimates.
- Reddit authorized a $1 billion share repurchase program, and the stock rose after hours before easing in subsequent trading as investors weighed durability of gains.
- Ad revenue reached $690 million, a 75% jump, aided by AI tools such as an AI copywriter, image auto‑crop, and Max Campaigns in beta; data‑licensing deals contribute roughly 10% of revenue.
- Global daily active uniques rose 19% to 121.4 million, with U.S. DAUq at 52.5 million and U.S. logged‑in DAUq at 23 million, and management plans to phase out logged‑in versus logged‑out reporting later this year.