<p>Reddit, Inc. A 类股票最近的 2025 年第三季度财报电话会议描绘了强劲的增长和盈利能力，公司达成了重要里程碑。整体情绪积极，得益于令人印象深刻的收入增长和盈利成就。用户参与度和广告商扩展也为乐观的前景做出了贡献，尽管在用户转化和聊天机器人流量的有限影响方面存在需要改进的挑战。</p>
<h2>显著的收入增长</h2>
<p>Reddit 报告了 68% 的年增长率，收入达到 5.85 亿美元。这一显著增长凸显了公司强大的市场地位和有效的货币化策略。</p>
<h2>盈利里程碑的实现</h2>
<p>公司实现了 40% 的目标调整后 EBITDA 利润率，标志着在首次公开募股时设定的显著盈利里程碑。Reddit 的 GAAP 净收入为 1.63 亿美元，净利润率为 28%，展示了其强大的财务表现能力。</p>
<h2>用户参与和增长</h2>
<p>用户参与指标显示出健康的增长，日活跃用户（DAU）和周活跃用户（WAU）均同比增长约 20%。值得注意的是，国际 DAU 增长了 31%，突显了 Reddit 不断扩大的全球影响力。</p>
<h2>广告业务扩展</h2>
<p>广告收入同比激增 74%，达到 5.49 亿美元。活跃广告商总数增长超过 75%，表明对 Reddit 广告解决方案的强劲需求。</p>
<h2>现金流和资产负债表的强劲</h2>
<p>Reddit 产生了 1.83 亿美元的现金流，增强了其财务状况。公司的现金及现金等价物现为 22 亿美元，反映出强劲的资产负债表。</p>
<h2>用户转化的挑战</h2>
<p>尽管趋势积极，Reddit 承认需要改善用户引导和留存策略，特别是在将未登录用户转化为登录用户方面，以提高用户转化率。</p>
<h2>聊天机器人流量的有限影响</h2>
<p>财报电话会议透露，来自聊天机器人的流量目前并不是 Reddit 平台的重要驱动因素，这表明其他领域可能提供更实质性的增长机会。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Reddit 预计第四季度收入将在 6.55 亿至 6.65 亿美元之间，同比增长 53% 至 55%。公司预计调整后 EBITDA 利润率为 42%，并继续专注于扩大货币化、改善用户体验，以及在国内外的扩展，强调提升其核心产品和搜索能力。</p>
<p>总之，Reddit 的 2025 年第三季度财报电话会议突显了强劲的表现，显著的收入增长和盈利成就。尽管在用户转化和聊天机器人流量影响方面仍面临挑战，但公司在持续扩展和财务成功方面处于良好位置。</p>

RDDT

<p>Reddit, Inc. 报告了 2025 年第三季度强劲的财报，收入同比增长 68%，达到 5.85 亿美元，GAAP 净收入为 1.63 亿美元。用户参与度增长了 20%，广告收入激增 74%。尽管在用户转化和聊天机器人流量影响方面面临挑战，Reddit 预计第四季度收入将在 6.55 亿至 6.65 亿美元之间，预计同比增长 53% 至 55%。该公司旨在提升变现能力和用户体验，同时扩大其全球影响力</p>

<p>Reddit, Inc. Class A’s recent earnings call for Q3 2025 painted a picture of robust growth and profitability, with the company achieving significant milestones. The overall sentiment was positive, driven by impressive revenue growth and profitability achievements. User engagement and advertiser expansion also contributed to the optimistic outlook, although challenges in user conversion and the limited impact of chatbot traffic were noted as areas needing improvement.</p>
<div class="lb-trans"><p>Reddit, Inc. A 类股票最近的 2025 年第三季度财报电话会议描绘了强劲的增长和盈利能力，公司达成了重要里程碑。整体情绪积极，得益于令人印象深刻的收入增长和盈利成就。用户参与度和广告商扩展也为乐观的前景做出了贡献，尽管在用户转化和聊天机器人流量的有限影响方面存在需要改进的挑战。</p>
</div><h2>Significant Revenue Growth</h2>
<div class="lb-trans"><h2>显著的收入增长</h2>
</div><p>Reddit reported a remarkable 68% year-over-year increase in revenue, reaching $585 million. This substantial growth underscores the company’s strong market position and effective monetization strategies.</p>
<div class="lb-trans"><p>Reddit 报告了 68% 的年增长率，收入达到 5.85 亿美元。这一显著增长凸显了公司强大的市场地位和有效的货币化策略。</p>
</div><h2>Profitability Milestone Achieved</h2>
<div class="lb-trans"><h2>盈利里程碑的实现</h2>
</div><p>The company achieved a targeted adjusted EBITDA margin of 40%, marking a significant profitability milestone set at its IPO. With a GAAP net income of $163 million and a net margin of 28%, Reddit has demonstrated its ability to deliver strong financial performance.</p>
<div class="lb-trans"><p>公司实现了 40% 的目标调整后 EBITDA 利润率，标志着在首次公开募股时设定的显著盈利里程碑。Reddit 的 GAAP 净收入为 1.63 亿美元，净利润率为 28%，展示了其强大的财务表现能力。</p>
</div><h2>User Engagement and Growth</h2>
<div class="lb-trans"><h2>用户参与和增长</h2>
</div><p>User engagement metrics showed healthy growth, with daily active users (DAU) and weekly active users (WAU) both increasing by around 20% year-over-year. Notably, international DAU grew by 31%, highlighting Reddit’s expanding global reach.</p>
<div class="lb-trans"><p>用户参与指标显示出健康的增长，日活跃用户（DAU）和周活跃用户（WAU）均同比增长约 20%。值得注意的是，国际 DAU 增长了 31%，突显了 Reddit 不断扩大的全球影响力。</p>
</div><h2>Advertising Business Expansion</h2>
<div class="lb-trans"><h2>广告业务扩展</h2>
</div><p>Advertising revenue soared by 74% year-over-year, reaching $549 million. The total active advertiser count expanded by over 75%, indicating robust demand for Reddit’s advertising solutions.</p>
<div class="lb-trans"><p>广告收入同比激增 74%，达到 5.49 亿美元。活跃广告商总数增长超过 75%，表明对 Reddit 广告解决方案的强劲需求。</p>
</div><h2>Cash Flow and Balance Sheet Strength</h2>
<div class="lb-trans"><h2>现金流和资产负债表的强劲</h2>
</div><p>Reddit generated $183 million in cash flow, bolstering its financial position. The company’s cash and cash equivalents now stand at $2.2 billion, reflecting a strong balance sheet.</p>
<div class="lb-trans"><p>Reddit 产生了 1.83 亿美元的现金流，增强了其财务状况。公司的现金及现金等价物现为 22 亿美元，反映出强劲的资产负债表。</p>
</div><h2>Challenges in User Conversion</h2>
<div class="lb-trans"><h2>用户转化的挑战</h2>
</div><p>Despite the positive trends, Reddit acknowledged the need to improve onboarding and retention strategies, particularly in converting logged-out users to logged-in users, to enhance user conversion rates.</p>
<div class="lb-trans"><p>尽管趋势积极，Reddit 承认需要改善用户引导和留存策略，特别是在将未登录用户转化为登录用户方面，以提高用户转化率。</p>
</div><h2>Limited Impact of Chatbot Traffic</h2>
<div class="lb-trans"><h2>聊天机器人流量的有限影响</h2>
</div><p>The earnings call revealed that traffic from chatbots is not currently a significant driver for Reddit’s platform, suggesting that other areas may offer more substantial growth opportunities.</p>
<div class="lb-trans"><p>财报电话会议透露，来自聊天机器人的流量目前并不是 Reddit 平台的重要驱动因素，这表明其他领域可能提供更实质性的增长机会。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Reddit anticipates Q4 revenue to range between $655 million and $665 million, representing a 53% to 55% year-over-year increase. The company expects an adjusted EBITDA margin of 42% and continues to focus on scaling monetization, improving user experience, and expanding both domestically and internationally, with an emphasis on enhancing its core product and search capabilities.</p>
<div class="lb-trans"><p>展望未来，Reddit 预计第四季度收入将在 6.55 亿至 6.65 亿美元之间，同比增长 53% 至 55%。公司预计调整后 EBITDA 利润率为 42%，并继续专注于扩大货币化、改善用户体验，以及在国内外的扩展，强调提升其核心产品和搜索能力。</p>
</div><p>In summary, Reddit’s Q3 2025 earnings call highlighted a strong performance with significant revenue growth and profitability achievements. While challenges remain in user conversion and chatbot traffic impact, the company is well-positioned for continued expansion and financial success.</p>
<div class="lb-trans"><p>总之，Reddit 的 2025 年第三季度财报电话会议突显了强劲的表现，显著的收入增长和盈利成就。尽管在用户转化和聊天机器人流量影响方面仍面临挑战，但公司在持续扩展和财务成功方面处于良好位置。</p>
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Reddit, Inc. 公布 2025 年第三季度强劲的收益表现