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.