好，我们名单上的第四只，Reddit。你今天喜欢 Reddit 的什么？Reddit 股价较历史高点下跌 45%。这里非常有趣的是增长叙事。我的意思是，我们已经连续两年实现 60% 或更高的季度营收增长。
而随着我继续从业务角度观察趋势，这是一家用户基数仍在以非常健康的速度增长的公司。所以，最近一个季度日活用户增长 18%。这里非常有趣的是，最近一个季度有 10 亿条新帖子。也就是说，你在 Reddit 上能找到的所有内容中有 4% 是在过去 3 个月里创建的。
所以参与度仍然非常强劲，管理层指出它最近做了一些改变。现在新用户留存率提升了 50%。留存率提升 50%。我认为这确实是个好兆头，会在数字中体现出来。所以广告主对 Reddit 平台越来越放心。
管理团队有点把它比作 Pinterest。就像在 Reddit 上有很高的购买意图。这让它对广告主更有利一些，但最近一个季度广告营收同比增长 64%，把它推到全年来看，仍然预期非常好的增长。
而且，利润增长快于营收。随便你挑哪个指标：自由现金流、经营现金流、净利润，所有这些在最近一个季度都同比增长了一倍以上。
All right, number four on our list, Reddit. What do you like about Reddit today? Reddit stock down 45% from its all-time high. What is so interesting here is the growth narrative.
I mean, we're at two years of 60% or greater quarterly revenue growth. And as I continue to look at the trends from the business perspective, you know, this is a company that is increasing in its user base still at a very healthy rate.
So, daily users up 18% in the most recent quarter. What's so interesting here is that you know a billion new posts were in the most recent quarter. That is 4% of all the material that you can find on Reddit was created in the last 3 months.
So the engagement is still very strong and management pointing out that it recently made some changes. It is now it now had a 50% improvement in new user retention. A 50% improvement in retention.
I think that really bodess well bearing out in the numbers here. So advertisers increasingly comfortable with the Reddit platform. It the management team is kind of talking about it like Pinterest.
Like there's high intent for making a purchase on Reddit. So that makes it a little bit more favorable to advertisers, but the ad revenue in the most recent quarter up 64% year-over-year as you push that out over the the whole year.
Still expecting really good growth. And you know, the profits are growing faster than revenue. Pick your metric. free cash flow, operating cash flow, net income, all of these more than doubled year-over-year in the most recent quarter.