Reddit Q1 Revenue Surges 69% YoY

Reddit reported Q1 revenue of $663 million, beating estimates of $609.8 million and representing 69% YoY growth.
Adjusted EBITDA rose 131% to $266 million and free cash flow increased to $311 million, far above last year’s levels.
Daily active unique users reached 126.8 million, up 17% YoY and 4% sequential, with international DAU up 26%.
Despite a EPS miss ($1.01 vs $1.11 estimate), shares rose 3.9% after‑hours and Q2 revenue guidance of $715‑$725 million topped expectations.