Reddit, Inc. reported its first quarterly earnings since its initial public offering in March, revealing significant financial metrics and future projections. The company announced a net loss of $575.1 million and a GAAP EPS loss of $8.19, with a revenue of $243 million, surpassing analyst expectations which were set at $212.8 million. This represents a 48% increase year-over-year. Adjusted EBITDA stood at $10 million, against a backdrop of a net loss that was primarily driven by IPO-related expenses. Additionally, Reddit's advertising revenue saw a 39% increase year-over-year to $222.7 million, and the gross margin improved to 88.6%. For the upcoming quarter, Reddit forecasts revenue to be between $240 million and $255 million, compared to analysts' expectations of $228 million, and anticipates an Adjusted EBITDA ranging from $0 to $15 million. Following the earnings release, Reddit's stock price surged by approximately 15.8% in after-hours trading. The company also reported a significant increase in daily active users to 82.7 million.