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International DAUs

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Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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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Free cash flow

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 is a social media platform known for its online forums covering a variety of topics. The website is popular, but competition in the social media space shows just how hard it is to generate consistent user engagement and growth.

Following Its Highly Anticipated IPO, Reality May Already Be Setting in for Reddit Stock. 3 Things Smart Investors Should Know.

Reddit's post-IPO rally quickly fizzled out. It's struggling to monetize its users, especially in the U.S. It faces unpredictable competition from generative AI platforms.

Where Will Reddit Stock Be in 5 Years?

One analyst sees Reddit struggling to succeed as a public company. The company's anonymous user base and adult content may pose challenges.

Reddit Stock Has 16% Downside, According to 1 Wall Street Analyst

Founded in 2005, as the internet went from dial-up to broadband, Reddit (NYSE: RDDT) has been called the “front page of the internet.

Can Reddit Recover?

AeroVironment

Parsons Corp

Though the artificial intelligence craze (AI) is slowing somewhat, there's no doubt that advanced computing and AI-style offerings will continue driving innovation and market gains for years. But, though top AI stocks gather the most media and market attention, overlooked AI stocks are slowly building a foundation for rapid future growth.

The AI Sleepers: 3 Overlooked Stocks Poised for Massive Growth

Two U.S. brokerages began coverage of Reddit by taking a skeptical stance on the social media platform's ability to turn profitable and raised concerns over its potential entry into the 'meme stock' club.

U.S. brokerages start Reddit coverage with doubts over turning a profit

Reddit's first batch of analyst reviews were mixed at best, putting further pressure on the newly public social media company as it navigates a significant downswing in its valuation.

‘Poor Man's Twitter': Reddit Gets Lukewarm Wall Street Welcome

There are “too many questions” on the horizon to consider Reddit stock a buy, a Bernstein client note said.

Reddit Stock Has 'Too Many Questions' Despite Strong IPO, Says Bearish Analyst Report

Reddit Inc. has a “compelling” near-term narrative ahead of it, according to a Bernstein analyst. The company was the leading social-media player in terms of user and revenue growth during the fourth quarter, and its targets for this year seem conservative.

Reddit's story hinges on ‘promises we've heard too many times,' a new bear says

Social media platform Reddit soared more than 120% from its IPO price. Following the IPO, is Reddit stock a buy in today's market?

Is Reddit Stock A Buy After Surging 120% From Its IPO Price?

Apple

Cognex

Identifying opportunities and risks within the ever-evolving stock market landscape is crucial for investors aiming to make informed decisions. This research examines three well-known tech stocks and finds strong arguments for selling them before the next market correction.

3 Tech Stocks to Sell Before the Next Market Meltdown

Reddit is a social media platform that allows users to post and comment in forums on just about any topic. The company has garnered a unique following, but it pales when benchmarked against competitors.

Why I Wouldn't Touch Reddit Stock With a 10-Foot Pole

The long-awaited Reddit IPO (NYSE: RDDT) didn't unfold as anticipated. RDDT stock has experienced significant volatility, surging by 30% at one point but also plummeting by the same amount, leaving its current price almost identical to its debut price at $50.45.

Has Reddit's stock IPO been a huge scam?

Citizens Financial Group

The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking banker told MarketWatch.

Banker sees healthy M&A, IPO deal pipeline as private-equity firms look to deploy cash

Nextdoor

Pinterest

Social media stocks are in focus this year, with political ad spending expected to skyrocket and the broader market implications of a TikTok ban. With all the positive momentum behind the sector, betting on the best social media stocks to buy in April would be prudent.

The 3 Best Social Media Stocks to Buy in April 2024

CME Group

Home Depot

JPMorgan Chase & Co

Northern Trust

Wells Fargo

Every cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a new direction. Banking stocks could be the first to move, as they are tied to the financial pulse of the economy.

Low Interest Rates Can Help These Commercial Banks Rally Higher

Reddit went public at $34 less than two weeks ago. The stock soared for its first three days of trading before falling sharply in the next three days on the market.

3 Reasons to Sell Reddit Stock, 1 Big Reason to Buy

Did you ever get the feeling you've been tricked? I posited that Reddit (NYSE: RDDT ) shares could rally like Meta Platforms (NASDAQ: META ) stock did.

Reddit Stock: Insider Selling Raises Pump-and-Dump Possibilities

Trump Media & Technology Group Corp

TMTG's valuations have soared to astronomical levels. Reddit's valuations seem more reasonable, but it faces long-term challenges.

Better Stock to Buy: Trump Media (Truth Social) vs. Reddit

Trump Media & Technology (DJT), Rumble (RUM), and Reddit (RDDT) stock prices dived hard on Monday, erasing some of the recent gains.  DJT, the newly-public social media company, crashed by over 14% on Monday and is now down by almost 20% from its highest point last week.

Here's why Trump Media (DJT), Rumble, Reddit stocks dived

Reddit's user growth is unpredictable, and it's struggling to monetize its U.S. users. Its growth could be impaired by the rise of AI platforms as well as privacy-oriented changes.

The 5 Biggest Risks for Reddit Investors

The Reddit Inc. (NYSE: RDDT) initial public offering, which was priced at $34 a share, opened at $47, rose to $57.80, and closed at $50.44 on the first day of trading.

Reddit Shares Drop From $68 to $49

Trump Media (DJT) and Reddit (RDDT) were the biggest names to go public in the first quarter of the year. To a large extent, these companies performed well shortly after listing in New York, which could incentivise more tech firms to go public.

After DJT and Reddit, is Circle the next tech IPO to come in Q2?

Followings its recent IPO, AI-related excitement helped Reddit stock post big gains early in this week's trading. But the company's share price pulled back later in the week.

Why Reddit Stock Gained Despite Volatility This Week

Donald Trump said it would be difficult for him to post a $454 million bond while appealing a fraud conviction and celebrated on Monday when the amount was lowered to $175 million on appeal.

News for Reddit Inc Stock (RDDT)