Reddit Q2 2024 report is now live and it shows that the company is steadily gaining users and revenue.
First off, on users. Reddit added 8.5 million more daily active users in the period, taking it up to 91.2 million daily users. Which is a solid increase, but as noted, the most impressive element may be that Reddit is seeing equal levels of growth both inside and outside the U.S.
In terms of revenue, Reddit brought in $281.2 million for the quarter, an increase of 54% year-over-year. Reddit says that this is more than double the growth rate it saw in 2023, with improvements in its ad products and a bigger focus on SMBs helping to boost its ad intake.
In the words of Reddit –
In a nutshell, Reddit Q2 2024 report looks quite promising.
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