Revenue climbed 61% year over year to $805 million. Advertising revenue grew 64%. Advertiser count increased 70%. Daily Active Uniques, or DAUq, reached 130.3 million, up 18%.
ARPU caught my eye too. It went from $4.53 to $6.18 while daily users grew 18 percent. Reddit earned more per daily user. It still does not tell us which users drove the gain.
Yeah I don’t see a world where Reddit will report that specifically. Crazy to me how the market is treating all the users the same and that is more than likely the reason for the selloff.
ARPU caught my eye too. It went from $4.53 to $6.18 while daily users grew 18 percent. Reddit earned more per daily user. It still does not tell us which users drove the gain.
Yeah I don’t see a world where Reddit will report that specifically. Crazy to me how the market is treating all the users the same and that is more than likely the reason for the selloff.
If they keep banning folks like me for giving real stock info and calling out scams they deserve failure
Haha I doubt it’s Reddit banning you and more so Mods of a community are banning you.
Great piece!
Thanks! I put a lot of thought into this one.