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by simantel 850 days ago
Pulling out interesting numbers:

Revenue: $666.7M in 2022, $804M in 2023

Gross margin: 84% in 2022, 86% in 2023

Net loss: $(158.6)M in 2022, $(90.8)M in 2023

DAUq: 57.5M in Q4 2022, 73.1M in Q4 2023

1 comments

It looks like DAUq was flat or declining until Q3'21, then started ticking up, but really popped off in Q3 and Q4 of 2023 after they killed third-party clients.
DAUs seem less useful for an anonymous service like reddit. I have like 3 throwaway accounts and it takes 5 seconds to create a new one.
Yeah, they say as much in the risk factors when discussing potential issues with their metrics:

"Moreover, a single person or organization may hold multiple accounts and may use more than one account to perform multiple views within a relevant period."