Social media giant Reddit filed to go public today, with more than $800 million worth of revenue in 2023, up from $666.7 million in 2022.
In 2023 Reddit's net loss decreased, but it remains unprofitable with negative adjusted EBITDA. The company posted a net profit of $18.5 million in the last quarter, yet the free cash flow remained negative at -$22.0 million.
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