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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Reddit Inc

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Reddit Inc (RDDT) posts stellar Q2 results, eyes global expansion

Reddit Inc (RDDT) reported a robust Q2 performance marked by significant user and revenue growth, driven by international expansion and product enhancements. The company's focus on data licensing revenue and AI-driven ad optimization showcased its commitment to innovation. While Reddit faces challenges in a competitive landscape, opportunities lie in expanding advertising strategies, improving user experience, and further international expansion.

Reddit achieves profitability and global growth, eyes new revenue streams

Reddit's Q3 performance reflects strong revenue growth, profitability, and international expansion, driven by investments in ad tech and user experience.
While challenges lie in sustaining growth and balancing innovation with user experience, opportunities in global expansion and new revenue streams are abundant.
With a focus on scaling profitably and enhancing ad solutions, Reddit is well-positioned to capitalize on its strengths and navigate industry challenges for continued success.

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Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

Reddit is going public. Read about how the founders went from idea to IPO in the Public app.

2005: Reddit is founded by Steve Huffman and Alexis Ohanian. The duo are brought into the Y-combinator startup accelerator and raise $100,000 in funding.



2006: Huffman & Ohanian sell Reddit to Condé Nast for $10 million.

2008: Reddit introduces subreddits.

2011: Condé Nast turns Reddit into an independent entity to bring startup culture back to the business.



March 2012: Former Facebook executive Yishan Wong becomes Reddit CEO. 


2012: Barack Obama hosts an Ask Me Anything (AMA) town hall on Reddit.


September 2014: Reddit raises $50 million. High-profile investors include Sam Altman, Peter Thiel, Jared Leto, Josh Kushner, and Snoop Dogg.

November 2014: Wong resigns and Ellen Pao takes the CEO position.

2014: Alex Ohanian returns as executive chairman.

July 2015: Pao resigns after facing backlash from the Reddit community over her firing of the platform’s director of talent, who managed the popular AMA feature. Co-founder Steve Huffman returns as CEO.


2019: Reddit receives $150 million investment from Chinese tech giant Tencent. The deal sparks controversy over China’s anti free speech policies. 

June 2020: Ohanian resigns as executive chairman and recommends Reddit fill the position with a diverse candidate.


February 2024: Reddit Files for IPO.

March 2024: Reddit goes public.

-Techcrunch
-The Guardian
-CNBC
-The Verge
-CNET
-Forbes
-Reddit S-1
 
*This content is for educational purposes and is not investment advice. 

2005: Reddit is founded by Steve Huffman and Alexis Ohanian. The duo are brought into the Y Combinator startup accelerator and raise $100,000 in funding.


2006: Huffman & Ohanian sell Reddit to Condé Nast for $10 million.

2008: Reddit introduces subreddits.

2011: Condé Nast turns Reddit into an independent entity to bring startup culture back to the business.


March 2012: Former Facebook executive Yishan Wong becomes CEO of Reddit. 



August 2012: Barack Obama hosts an Ask Me Anything (AMA) town hall on Reddit.

September 2014: Reddit raises $50 million. High-profile investors include Sam Altman, Peter Thiel, Jared Leto, Josh Kushner, and Snoop Dogg.

November 2014: Wong resigns and Ellen Pao takes the CEO position.

2014: Alex Ohanian returns as executive chairman.

2019: Reddit receives $150 million investment from Chinese tech giant Tencent. The deal sparks controversy over China’s anti free speech policies. 


June 2020: Ohanian resigns as executive chairman and recommends Reddit fill the position with a diverse candidate.

2021: Wall Street Bets brings forth a short squeeze campaign to help rally GameStop shares.

2023: Reddit raises data (API) prices due to increased demand from AI firms looking to train Large Language Models. Thousands of subreddits go offline in protest to rising API costs.

March 2024: Reddit goes public on the New York Stock Exchange.

Reddit Inc. (RDDT) closed the most recent trading day at $163.72, moving +1.91% from the previous trading session.

Reddit Inc. (RDDT) Ascends While Market Falls: Some Facts to Note

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Wall Street Analysts Think Reddit Inc. (RDDT) Is a Good Investment: Is It?

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In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $163.51, denoting a -1.45% change from the preceding trading day.

Here's Why Reddit Inc. (RDDT) Fell More Than Broader Market

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RDDT stock rides on enhanced advertising and increased user engagement.

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4 Social Media Stocks to Soar as TikTok's Future Hangs in Balance

Shares of social media giant Reddit (RDDT 5.15%) have been on a rocketship since its IPO in March. The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come.

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The social-media veteran is profiting from feeding artificial-intelligence companies' insatiable appetite for conversational text.

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Reddit (RDDT) shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.

Reddit Stock Hits Record High After Upgrade From Morgan Stanley on Its Growth Potential

Reddit Inc (NYSE: RDDT) opened sharply up on a double dose of good news this morning but then pared its entire gain to turn red within an hour. Morgan Stanley analyst Brian Nowak upgraded the forum social network today to “overweight”.

Reddit stock pares intraday gains despite double dose of good news

Reddit Inc. RDDT just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the real buzz lies in the potential for an 85% upside under the firm's bull case scenario.

Reddit Stock Gets Boost From Morgan Stanley: Analyst Sees 'Best In Class Growth'

Reddit has launched a test of an artificial intelligence (AI)-powered conversational interface designed to answer questions by providing information and recommendations based on conversations and communities across its social media platform.

Reddit Launches Test of AI-Powered Search Tool

Reddit is testing an AI-powered feature called Reddit Answers, which scours posts on the social media platform to answer users' queries, it said on Monday.

Reddit tests AI-powered feature to answer user queries

Shares of Reddit Inc (NYSE:RDDT) are 5.2% higher at $171.26 at last glance, following a lofty bull note at Morgan Stanley.

Reddit Stock Scores Record High After Upgrade

The social-media platform is expanding its beta test of Reddit Answers, the company said Monday.

Reddit's stock gets a boost as social-media platform ramps up AI-powered search with Reddit Answers

Reddit stock, already up 220% post-IPO, gained Monday following a bullish upgrade from analysts at Morgan Stanley. The post Reddit's Huge Rally Rolls On As Morgan Stanley Analysts Turn Bullish appeared first on Investor's Business Daily.

Reddit's Huge Rally Rolls On As Morgan Stanley Analysts Turn Bullish

Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday. Reddit Answers, as the feature is called, allows users to ask questions just like they can with ChatGPT, Perplexity and other generative AI services.

Reddit begins testing AI-powered answers feature to win more users

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The year is drawing to a close, and what a year it has been for the stock market. As of this writing, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 26%, 28%, and 19%, respectively.

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Reddit entered a partnership with Google this year, which was a win-win situation for both. Reddit is significantly growing its user numbers, leading to revenue growth. International expansion could be another major growth driver. Significant risks include high share dilution, excessive stock-based compensation, and substantial insider trading, notably by major shareholder Tencent.

Reddit Stock: Expensive Valuation, But Growth Will Continue Over The Next Few Years

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Reddit Inc. (RDDT) Is Considered a Good Investment by Brokers: Is That True?

Reddit, the social media platform popular with tech and gaming enthusiasts, has overtaken X to become the UK's fifth most popular social platform, according to Ofcom.

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Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus, a top company executive told CNBC. Expansion into new markets could help Reddit unlock new advertising revenue internationally.

News for Reddit Inc Stock (RDDT)