Reddit Q3: Setting a High Bar with Top Line Strength and 10-point Sequential Margin Expansion

Reddit’s earnings report ticked a lot of boxes. The company beat on the top line with growth of 68% YoY and 17% QoQ. The bottom line was also strong with a 10-point sequential expansion in GAAP operating margin to 23.7%, an adjusted EBITDA margin above 40%, and EPS grew 400% YoY. It’s easy to see why this stock ranked very high on my Top 15 list – in fact, it was my top software choice due to the clean fundamentals.

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