Q3 Earnings Predictions Thread

I thought it would be fun to create a predictions thread for Q3. We can each provide our best guesstimates and then look back on the thread on Oct 30th to see how close we were.

My Guesses

• Revenue: $631 million
• EPS: 0.65 $/share
• US dau: 62 million
• Int'l dau: 52 million
• US ARPU: $8.5/user
• Int'l ARPU: $2.0/user

My reasoning

I'm assuming that DPA (which launched in Q2) are starting to build up a momentum. This means Reddit likely saw more adoption in Q3, and Reddit has more training data (product clicks, more product catalogs, purchases) from advertiser to optimize the DPA ads.