Reddit Inc. Reports Impressive Q1 Fiscal 2025 Results

Reddit Inc. announced a remarkable achievement in its first quarter of fiscal 2025, with revenue soaring to $392.4 million. This represents a 61% increase compared to the same quarter in 2024, surpassing analysts' expectations.

Financial Highlights

The company turned a net income of $26.2 million, a significant improvement from a net loss of $575.1 million in the first quarter of the previous year. Diluted earnings per share stood at $0.13, contrasting sharply with a loss per share of $8.19 in Q1 2024.

User Growth and CEO Statement

Daily active unique users surged by 31% to 108.1 million. "Over 400 million people now come to Reddit each week—because when you want real opinions, you turn to real people," CEO Steve Huffman proudly stated.

Market Reaction

Following the announcement, Reddit's stock experienced a dramatic increase, skyrocketing 19.29% in after-hours trading, reflecting investor confidence in the company's better-than-expected performance.