Reddit (RDDT) 33rd Annual Media, Internet & Telecom Conference summary

Key achievements and learnings

• Achieved 100 million daily active users (DAU), $1 billion in revenue, and first-time profitability in the past year.

• Consistent execution and communication have driven improved product quality and faster shipping.

• Expanded mission to empower communities and make their knowledge accessible, reflecting new user behaviors.

User growth and engagement

• DAUs grew 39% year-over-year, with logged-in users up over 27% each quarter.

• U.S. DAU is around 48-49 million, with 170 million weekly users; international DAU is also about 50 million.

• Google remains a significant but not dominant traffic source; direct traffic is higher and more stable.

• Logged-out users from Google are less valuable for monetization but present growth opportunities.

Product innovation and search

• Launched Reddit Answers, an AI-powered search tool summarizing community perspectives, now being integrated with traditional search.

• Investing in search improvements like smarter autocomplete and spell checking, aiming to unify search experiences.

• Considering standalone products and launching Reddit Lite internationally to improve accessibility.