Reddit Q1 Revenue Up 69%, Stock +17%

Reddit reported Q1 revenue of $663 million, a 69% YoY increase beating the $609.8 million consensus.
Adjusted EBITDA surged 131% to $266 million and free cash flow rose to $311 million, while EPS missed at $1.01 vs $1.11.
Daily active unique users hit 126.8 million (+17% YoY, +4% QoQ), with U.S. higher‑value DAUs at 53.5 million slightly below estimates.
Reddit guided Q2 revenue $715‑$725 million, topping Wall Street’s $720 million midpoint, and noted ARPU rose 44% globally to $5.23.