Reddit, Inc. (NYSE:RDDT) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET

Company Participants

Jesse Rose - Head of Investor Relations
Steven Huffman - Co-Founder & Chief Executive Officer
Jennifer Wong - Chief Operating Officer
Andrew Vollero - Chief Financial Officer

Conference Call Participants

Benjamin Black - Deutsche Bank
Ronald Josey - Citigroup
Richard Greenfield - LightShed
Andrew Boone - JMP Securities
Naved Khan - B. Riley Securities
Eric Sheridan - Goldman Sachs
Rohit Kulkarni - ROTH Capital Partners
John Colantuoni - Jefferies
Brian Nowak - Morgan Stanley

Thomas Champion - Piper Sandler
Douglas Anmuth - JP Morgan
Alan Gould - Loop Capital
Daniel Salmon - New Street Research

Operator

Good afternoon. My name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to Reddit's Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. I would now like to turn the call over to Jesse Rose, Head of Investor Relations. You may begin your conference.

Jesse Rose

Thank you, Rob. Good afternoon, everyone. Welcome to Reddit's third quarter 2024 earnings conference call. Joining me today are Steve Huffman, Reddit's Co-Founder and CEO, Jen Wong, Reddit's COO, and Drew Vollero, Reddit CFO.

Before we get started, I'd like to remind you that our remarks today will include forward-looking statements. Actual results may vary materially from those contemplated by these forward-looking statements.

Information concerning risks, uncertainties and other factors that could cause these results to differ is included in our SEC filings. These forward-looking statements represent our outlook only as of the date of this call. We undertake no obligation to revise or update any forward-looking statements.

During this call we will discuss both GAAP and non-GAAP financial measures. Reconciliation of GAAP to non-GAAP financial measures is set forth in our letter to shareholders. Our third quarter letter to shareholders and accompanying earnings press release are available on our investor relations website, investor.redditinc.com and investor relations subreddit, r/rddt.

And now I'll turn the call over to Steve.

Steven Huffman

Thanks Jesse. Hey everyone, thank you for joining and welcome to our third quarter earnings call. I'm excited to share that Q3 was a landmark quarter for Reddit. We averaged over 97 million DA UQ, an increase of 47% from last year.