Reddit, Inc.
RDDTFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,300
Cost of Revenue
124
Gross Profit
1,177
Gross Margin
90.5%
Operating Income
-561
Operating Margin
-43.1%
Net Income
-484
Net Margin
-37.2%
EPS (Basic)
$-2.69
EPS (Diluted)
$-2.69
EBITDA
-545
EBITDA Margin
-41.9%
2023
12/31/2023
Revenue
804
Cost of Revenue
111
Gross Profit
693
Gross Margin
86.2%
Operating Income
-140
Operating Margin
-17.4%
Net Income
-91
Net Margin
-11.3%
EPS (Basic)
$-0.56
EPS (Diluted)
$-0.56
EBITDA
-126
EBITDA Margin
-15.7%
2022
12/31/2022
Revenue
667
Cost of Revenue
105
Gross Profit
562
Gross Margin
84.3%
Operating Income
-172
Operating Margin
-25.8%
Net Income
-159
Net Margin
-23.8%
EPS (Basic)
$-0.97
EPS (Diluted)
$-0.97
EBITDA
-164
EBITDA Margin
-24.6%
2021
12/31/2021
Revenue
485
Cost of Revenue
73
Gross Profit
412
Gross Margin
85.0%
Operating Income
-127
Operating Margin
-26.2%
Net Income
-128
Net Margin
-26.4%
EPS (Basic)
$-0.78
EPS (Diluted)
$-0.78
EBITDA
-124
EBITDA Margin
-25.7%
2020
12/31/2020
Revenue
229
Cost of Revenue
55
Gross Profit
174
Gross Margin
76.0%
Operating Income
-63
Operating Margin
-27.3%
Net Income
-59
Net Margin
-25.9%
EPS (Basic)
$-0.36
EPS (Diluted)
$-0.36
EBITDA
-57
EBITDA Margin
-25.0%