Exhibit 99.1 Reddit Announces First Quarter 2024 Results Record user traffic, Daily Active Uniques ("DAUq") increased 37% to 82.7 million Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter Net loss driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis Operating cash flow of $32.1 million and positive free cash flow of $29.2 million SAN FRANCISCO, Calif. – May 7, 2024 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended Mar ...