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reddit active users quarterly chart

about 7 hours ago
5 replies Ask a follow up

Let me look up the ticker for Reddit and then pull the active user data.Reddit (RDDT) went public in March 2024 and may not be in the ticker database yet. Let me try directly.Good, RDDT is available. However, "active users" (DAU/MAU) is an operating metric disclosed in SEC filings, not a standard financial statement line item. Let me search the SEC filings for this data.Now let me also get the 2024 10-K (for Q4 2024 data) and the latest 2025 Q1-Q3 data. Let me also search the compressed filings for cleaner data tables.Let me try the compressed filing for the 10-K data with the DAUq table.Now let me also search for the Q4 2024 figures. Let me get the Q4 2024 10-K filing or check for the latest data.Let me try the compressed filing for the 10-K year ending Dec 2024.Now let me piece together the quarterly DAUq data I have. From the Q1 2024 10-Q I also have Q4 2023 data. Let me look at the Q1 2025 filing for Q4 2024.I now have a fairly complete picture from the filings. Let me compile the quarterly DAUq data, compute what I can, and construct the chart. Let me also search for Q4 2024 and Q1 2025 Q1 filing for absolute numbers.

I have these absolute DAUq values from the filings:

  • Q1 2024: 82.7M (from Q1 2024 10-Q)
  • Q2 2024: 91.2M (from Q2 2024 10-Q)
  • Q3 2024: 97.2M (from Q3 2024 10-Q)
  • Q4 2024: Need this - Q3 2024 QoQ was 7%, so Q4 2024 ≈ 97.2 × 1.07 ≈ 104M. Also from Q3 2025 filing, Q4 2024 had 39% YoY. Let me check: Q4 2023 DAUq was implied. The Q1 2025 filing mentions Q4 2024 YoY = 39% for total DAUq.

Actually, let me look at Q1 2025 10-Q results more carefully. The Q1 2025 was reported as 108.1M. Let me also use the QoQ growth rates I have:

From Q4 2024 section of growth rates: Q4 2024 (which is "Q5" in the compressed filing) has 39% YoY total DAUq. Q3 2024 has 47% YoY.

Let me now compute the missing Q4 2024 value. From Q1 2025 filing: DAUq was 108.1M. QoQ growth from Q4 to Q1... looking at the WAUq data, Q1 2025 (Q5) WAUq QoQ = 6%. But I don't have the DAUq QoQ for Q1 2025 from Q4 2024.

Let me search for the Q4 2024 absolute value in the Q4 2024 10-K.Let me try searching for the 2024 10-K directly with the right year label.The 10-K for fiscal year 2024 might be indexed differently. Let me try the Q1 2025 10-Q which should mention Q4 2024 data.Let me try the Q1 2025 compressed filing:Let me look in the Q1 2025 filing specifically (file_id 44922):I now have a solid picture of the data. Let me compile the quarterly DAUq values I have and compute the missing ones. Let me now create the chart. Here's what I know:

Known absolute values (Global DAUq in millions): - Q1 2024: 82.7M - Q2 2024: 91.2M - Q3 2024: 97.2M - Q1 2025: 108.1M - Q2 2025: 110.4M - Q3 2025: 116.0M

For Q4 2024, I can derive it. From the Q3 2025 10-Q, Q1 2025 QoQ data shows: Q4 2024 (Q5 in the table) has 39% YoY growth for total DAUq. From the Q4 2024 table row labeled as having 47% YoY in the Q3 2024 filing... Actually let me use the Q1 2025 10-Q absolute number and work backwards.

From Q1 2025 10-Q: DAUq was 108.1M, up 31% YoY. So Q1 2024 was 108.1/1.31 = 82.5M (close to 82.7M, minor rounding difference).

For Q4 2024, from the growth table: Q4 2024 YoY = 39%. And from the compressed filing, Q4 2024 is "Q5" with 39% growth. Q3 2024 is "Q4" with 47% growth.

I can compute Q4 2024 from: Q3 2024 was 97.2M with 47% YoY, so Q3 2023 = 97.2/1.47 = 66.1M. Q4 2024 had 39% YoY from Q4 2023. But I don't know Q4 2023. Let me use QoQ instead. From Q3 2024 filing, Q3 2024 QoQ was +7%, and from Q4 section: Q4 QoQ was not directly stated but Q3 to Q4 = 39% YoY for Q4 2024.

Actually, the simplest approach: I'll compute Q4 2024 from the Q1 2025 filing. We know Q1 2025 = 108.1M and from the global quarterly DAUq table in the Q1 2025 filing: Q1 2025 QoQ for global total would be implied if I look at the WAUq growth. The WAUq growth from Q4 to Q1 (Q4 WAUq = 53%, Q1 = 42%)... that's not directly useful.

Let me try another approach. From Q2 2025 filing: Q2 2025 = 110.4M, YoY 21%. Q1 2025 = 108.1M. QoQ from Q1 to Q2: 110.4/108.1 = 1.021, so ~2.1% QoQ.

From the Q3 2025 filing's quarterly growth table: Q5 (Q4 2024) total DAUq YoY = 39%. The sequence is Q1 2024 (27%), Q2 (37%), Q3 (51%), Q4 (47%), Q5/Q4 2024 (39%). So Q4 2024 had lower YoY growth than Q3 2024.

Since Q1 2025 = 108.1M with 31% YoY growth, Q1 2024 = ~82.7M. And Q1 2025 QoQ from Q4 2024... I can estimate. The sequential growth in Q4 2024 from Q3 2024 was probably modest based on the 39% YoY deceleration (from 47% in Q3).

OK, I'll use the QoQ data I have and fill in Q4 2024. From the filings: Q3 2024 was 97.2M. Let me use the QoQ between Q3 2024 and Q4 2024. The WAUq QoQ for Q4 2024 (from "Q5" in WAUq table, Q4 has 53% YoY) and DAUq/WAUq was 27%.

For practical purposes, let me compute: if Q1 2025 = 108.1M and the Q1 2025 QoQ growth was... from the filing Q1 2025 section, the overall DAUq table shows "Q5" = Q4 2024 = 39% YoY, "Q6" = Q1 2025 = 31% YoY.

Using the US DAUq table: Q4 (Q4 2024) US DAUq YoY = 32%, Q1 2025 = 21%. RoW: Q4 2024 = 46%, Q1 2025 = 41%.

I can derive Q4 2024 using an approximation: if Q1 2025 QoQ from Q4 2024 was roughly flat to slightly up (Q1 2025 DAUq = 108.1M), and by seasonal patterns Q1 is usually modestly above Q4 for Reddit... let me estimate Q4 2024 ≈ 103-104M.

Actually, let me just look at it from the Q3 2024 compressed filing: "Q3 2024 Q/Q global growth was 7%". So Q3 2024 = Q2 2024 × 1.07 → 91.2 × 1.07 = 97.6M (close to 97.2M).

And from the Q3 2025 10-Q: "global DAUq grew 5% compared to the prior quarter period" for Q3 2025. Q3 2025 = 116.0M, so Q2 2025 = 116.0/1.05 = 110.5M (close to 110.4M).

For Q4 2024, from Q1 2025 filing for WAUq: Q4 QoQ for WAUq... not DAUq. Let me try using the Q1 2025 QoQ. From the Q1 2025 10-Q, there's mention of QoQ DAUq growth. Let me look:

From the Q1 2025 filing MD&A: it says "In the three months ended March 31, 2025, global DAUq grew 31% compared to the prior year period, driven by 21% growth in DAUq in the United States and 41% growth in DAUq in the rest of world." But QoQ isn't explicitly given for Q1 2025.

Let me estimate Q4 2024: Using Q1 2025 = 108.1M and Q2 2025 = 110.4M, Q2 QoQ = 2.1%. Q3 QoQ = 5%. For Q4 2024, similar modest QoQ from Q3 2024 (97.2M). If Q4 QoQ was ~3-6%, Q4 2024 ≈ 100-103M range. Given the WAUq growth pattern, I'll estimate Q4 2024 ≈ 101.5M.

This is getting complex with estimations. Let me now build the chart using the confirmed values I have and note Q4 2024 as estimated. Let me create the DataFrame.

Loading chart...Here is the Reddit (RDDT) Quarterly Global Daily Active Uniques (DAUq) trend since its IPO in March 2024.

Reddit Global DAUq (in millions)

Quarter Global DAUq
Q1 2024 82.7M
Q2 2024 91.2M
Q3 2024 97.2M
Q4 2024 N/A (not disclosed in absolute terms)
Q1 2025 108.1M
Q2 2025 110.4M
Q3 2025 116.0M

Key takeaways:

  • Steady sequential growth. DAUq has risen every quarter since Reddit went public, from 82.7M in Q1 2024 to 116.0M in Q3 2025 — a 40% increase in under two years.
  • Growth is decelerating but still strong. YoY growth peaked at 51% in Q2 2024 and has since moderated to 19% in Q3 2025, a natural pattern as the base gets larger.
  • International is the main driver. In Q3 2025, US DAUq grew just 7% YoY while Rest of World grew 31%, driven by machine translation and product initiatives.
  • Q4 2024 absolute DAUq was not disclosed, but YoY growth was reported at 39% (global), implying ~101-104M range.
  • Logged-out users dominate. As of Q3 2025, 57% of global DAUq were logged-out visitors (mostly from search engines), who monetize at lower rates than logged-in users.
about 7 hours ago
4 replies Ask a follow up

We are in july 2026 - add the latest quarters also

about 7 hours ago
3 replies Ask a follow up

Let me search for Reddit's latest filings covering 2026 quarters.Got Q1 2026: 126.8M. Now let me also get the DAUq quarterly table from this filing to find Q4 2025 data, and search for Q2 2026 (which would be the most recent filing — we're in July 2026).I can read the quarterly DAUq table. The sequence is: 51%, 47%, 39%, 31%, 21%, 19%, 19%, 17%. That maps to Q2 2024 through Q1 2026 (8 quarters). So the last 19% (second-to-last) is Q4 2025 and 17% is Q1 2026. Now I need the absolute Q4 2025 value. Let me get it from the Q1 2026 filing's Q4 2025 overview or from the compressed filing.Let me check if the Q2 2026 10-Q has been filed (since we're in mid-July 2026, it may not be out yet). Let me also search for the 2025 10-K which would have Q4 2025 data.Let me look for Q4 2025 data within the Q1 2026 10-Q that we already have — it should mention the previous quarter's data.I notice the DAUq YoY growth table from Q1 2026 filing shows: 51%, 47%, 39%, 31%, 21%, 19%, 19%, 17% — confirming Q4 2025 had 19% YoY and Q1 2026 had 17% YoY. I also can see from the ARPU table: 2%, 14%, 23%, 23%, 47%, 41%, 42%, 44% — the 42% and 44% are Q4 2025 and Q1 2026.

Now, the Q1 2026 filing says the 2025 10-K has been filed ("Annual Report on Form 10-K for the year ended December 31, 2025"). But the Q4 2025 absolute DAUq isn't directly stated in the Q1 2026 filing's MD&A. Let me derive it. Q4 2025 had 19% YoY growth. Q4 2024... we didn't have that absolute either.

Let me work backwards: Q1 2026 = 126.8M, Q1 2025 = 108.1M (17% YoY growth checks out: 108.1 × 1.17 = 126.5, close to 126.8).

For Q4 2025, the QoQ from Q3 2025: Q3 2025 = 116.0M with QoQ of 5%. Q4 2025 QoQ... from the DAUq YoY table: Q4 2025 = 19% YoY, Q3 2025 = 19% YoY. Q3 2024 = 97.2M. So Q3 2025 = 97.2 × 1.19 = 115.7M (close to 116.0M). Q4 2025 = Q4 2024 × 1.19.

I know Q1 2026 = 126.8M. Using the ARPU: Q4 2025 ARPU was up 42% YoY, Q1 2026 up 44%.

Let me also try to find Q4 2025 explicitly. Let me search for the Q1 2026 filing overview more carefully for the quarterly DAUq table that might have absolute values.The Q4 2025 absolute DAUq is not stated in the Q1 2026 filing. Let me try to find it via the WAUq and DAUq/WAUq ratio. From the Q1 2026 filing's WAUq table: the WAUq YoY growth for Q4 2025 should be in the sequence. Let me look at the WAUq table.The WAUq table confirms Q4 2025 WAUq YoY = 24% and Q1 2026 = 23%, with DAUq/WAUq of 26% for both.

I don't have the Q4 2025 absolute DAUq explicitly, but I can estimate it. Let me look at the QoQ growth pattern. From the Q1 2026 filing ARPU table: Q4 2025 ARPU YoY = 42%, Q1 2026 = 44%.

Let me approach differently - maybe the 2025 10-K is indexed as "2025" but under a different filing search. Let me try with the web.

Actually, let me just try to find the Q4 2025 press release or the 10-K via web search.Excellent! Now I have all the data. Here's the complete picture:

  • Q4 2024: 101.7M (confirmed from Q4 2025 earnings)
  • Q4 2025: 121.4M (19% YoY, from press release)
  • Q1 2026: 126.8M (17% YoY, from Q1 2026 10-Q)

Now let me also check if Q2 2026 data is available. We're in July 2026, so it might not be filed yet. Let me check.Q2 2026 earnings will be released on July 30, 2026 — it's not available yet (we're July 14). So the latest is Q1 2026. Now let me also get Q4 2024 data from the Q4 2025 earnings which confirmed Q4 2024 = 101.7M. Let me also fill in the Q4 2024 US and International split for the more detailed chart.

Now let me update the chart with the complete data including the geographical breakdown.

Loading chart...Here's the updated Reddit (RDDT) Quarterly Daily Active Uniques (DAUq) through Q1 2026:

Quarter Global DAUq US DAUq Int'l DAUq YoY Growth
Q1 2024 82.7M +37%
Q2 2024 91.2M +51%
Q3 2024 97.2M +47%
Q4 2024 101.7M 48.0M 53.7M +39%
Q1 2025 108.1M 50.1M 58.0M +31%
Q2 2025 110.4M 50.3M 60.1M +21%
Q3 2025 116.0M 51.6M 64.4M +19%
Q4 2025 121.4M 52.5M 68.9M +19%
Q1 2026 126.8M 53.5M 73.3M +17%

Note: Q2 2026 earnings are scheduled for July 30, 2026 — not yet available.

Key takeaways:

  • Global DAUq reached 126.8M in Q1 2026, up 17% YoY and +4.4% QoQ from Q4 2025.
  • Growth is now almost entirely international. US DAUq grew just 7% YoY in Q1 2026 (53.5M), while International grew 26% (73.3M). International now accounts for 58% of total DAUq.
  • Q4 2025 was a strong seasonal quarter — Global DAUq hit 121.4M (+19% YoY), benefiting from year-end search and holiday traffic. US Q4 ARPU hit $10.79.
  • Deceleration is orderly. YoY growth has trended from 51% (Q2 2024) → 17% (Q1 2026), which is natural as the base scales past 125M+.
  • Logged-out users are 59% of global DAUq as of Q1 2026 (74.8M), mainly driven by search engine traffic and machine translation expansion across 35+ languages.
about 7 hours ago
2 replies Ask a follow up

is logged in % users avalibale as a trend. if yes - give that table

about 7 hours ago
1 reply Ask a follow up

Let me search for the logged-in DAUq data across all available filings to build the trend.

From the data I already have:

  • Q4 2024: Logged-in 46.1M (from Q4 2025 earnings)
  • Q1 2025: Logged-in 48.7M (from Q1 2026 shareholder letter)
  • Q4 2025: Logged-in 50.7M (from Q4 2025 earnings)
  • Q1 2026: Logged-in 52.0M (from Q1 2026 shareholder letter)

I also have logged-in YoY growth rates from the Q1 2026 filing's quarterly table: 31%, 27%, 27%, 23%, 17%, 14%, 10%, 7%. Let me also get the Q2 and Q3 2025 absolute logged-in numbers.I have the YoY growth rates but not the absolute logged-in numbers for Q2 2025 and Q3 2025 from the 10-Qs. Let me get them from the earnings press releases.Now I have all the data. Let me compile everything:

Logged-in DAUq (Global): - Q3 2024: 44.1M (from Q3 2025 earnings) - Q4 2024: 46.1M (from Q4 2025 earnings) - Q1 2025: 48.7M (from Q1 2026 shareholder letter) - Q2 2025: 49.3M (from Q2 2025 earnings) - Q3 2025: 50.2M (from Q3 2025 earnings) - Q4 2025: 50.7M (from Q4 2025 earnings) - Q1 2026: 52.0M (from Q1 2026 shareholder letter)

Now let me compute the logged-in % for each quarter and update the chart.

Loading chart...And here's the summary table:

Reddit DAUq — Logged-in vs Logged-out Split

Quarter Global DAUq Logged-in Logged-out Logged-in % Logged-out %
Q3 2024 97.2M 44.1M 53.1M 45.4% 54.6%
Q4 2024 101.7M 46.1M 55.6M 45.3% 54.7%
Q1 2025 108.1M 48.7M 59.4M 45.1% 54.9%
Q2 2025 110.4M 49.3M 61.1M 44.7% 55.3%
Q3 2025 116.0M 50.2M 65.8M 43.3% 56.7%
Q4 2025 121.4M 50.7M 70.7M 41.8% 58.2%
Q1 2026 126.8M 52.0M 74.8M 41.0% 59.0%

Key trend: The logged-in share has steadily declined from ~45.4% (Q3 2024) to 41.0% (Q1 2026). Virtually all incremental DAUq growth is coming from logged-out users — they added +21.7M since Q3 2024 vs. just +7.9M for logged-in. This reflects search-engine-driven traffic and machine translation pulling in casual visitors. Logged-out users monetize at lower rates, which is why ARPU growth lags revenue growth — though Reddit has been closing that gap (ARPU up 44% YoY in Q1 2026).

about 7 hours ago