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Revenue segments as reported by the company.

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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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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.

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Market Cap

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

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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.

Nokia

Reddit is mulling a letter from Nokia which alleges the social media has infringed some of its patents ahead of its initial public offering (IPO) this week. This follows a Federal Trade Commission inquiry into Reddit's use of user-generated content to train artificial intelligence models, including through selling and licensing data to third parties.

Reddit faces Nokia patent complaint ahead of IPO

Reddit's IPO is set to take place on March 20, with a proposed valuation of $6.5 billion. The stock ticker will be "RDDT." Reddit is not yet profitable, but I expect 20% top-line growth and 30% net margins over the long term.

Reddit Stock IPO: Rise Of The Memes - Strong Buy Rating, $60 PT

Reddit said on Tuesday it had received a letter from Nokia Technologies accusing the social media platform of patent infringement and was now evaluating the claim.

Reddit evaluating Nokia's patent infringement blame

Astera Labs Inc

Astera Labs, a semiconductor company that builds connectivity solutions to help with AI and Machine Learning workloads, is set to IPO on Wednesday, March 20. Reddit will make its long-awaited public debut on Thursday, March 21. The debut offering will feature 22M shares, in a price range of $31-34.

Astera Labs And Reddit Set To Debut As IPO Activity Remains Low For 2024

Reddit CEO Steve Huffman discussed his compensation package in a video Q&A posted on the forum. The CEO's $193 million pay package includes a mix of salary and stock.

Reddit CEO Steve Huffman defends his $193 million compensation package

Reddit's impending IPO could a trailblazer for other public offerings in 2024, says Josh White, assistant professor of finance at Vanderbilt University.

Reddit's IPO could be a bellwether for other offerings this year, says Vanderbilt professor

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Last week we wrote about how M&A activity has been light​ so far for 2024, well the same holds for IPO activity.

Astera Labs and Reddit Set to Debut as IPO Activity Remains Low for 2024

Despite never having made a profit in its nearly 20-year history, Reddit, the site that bills itself as "the front page of the internet," is gearing up to go public, targeting a valuation of about $6.5 billion.

Is Reddit's IPO worth it? Social media site aims to go public 'out of necessity,' says finance expert

Reddit's closely watched initial public offering is between four and five times oversubscribed, according to a Reuters report.

Reddit's impending IPO is up to five times oversubscribed, report says

Reddit's initial public offering (IPO) is reportedly as much as five times oversubscribed as the social media seeks out investors in search of a US$6.5 billion valuation. As per Reuters-cited sources, Reddit has been met with the interest ahead of plans to price the IPO this Wednesday.

Reddit IPO five times oversubscribed - reports

Reddit — the money-losing social media platform — is going public March 20 and the shares are likely to rise sharply on the first day of trading. The reason?

Why You Should Resist Reddit IPO's First-Day Price Pop FOMO

The social-media platform is offering IPO shares to users in an unusual pitch to individual investors.

They're Reddit Die-Hards. Do They Want to Be Shareholders, Too?

After waiting a couple of years, social media company Reddit is going public on March 21 at a $6.5 billion valuation. Companies had put IPOs on hold until market conditions improved.

Reddit Is Going Public Soon. Here's Why That Could Be Good News for Investment Banks.

Reddit's IPO approaches with an apparent overvaluation of $6 billion. The company does not make money, has a history of substantial losses, and has tremendous amounts of preferred equity in its capitalization. RDDT suffers from an inability to monetize at scale because most of its value comes from experiences that are necessarily free and long-established as such.

Why I'm Avoiding The Reddit IPO

Reddit's upcoming initial public offering is reportedly four or five times oversubscribed as the social media platform seeks a $6.5 billion valuation from its stock market debut.

Reddit's IPO as much as five times oversubscribed: report

Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.

Exclusive: Reddit's IPO as much as five times oversubscribed, sources say

Reddit is set to start trading on March 21, and is seeking a valuation around $6.5 billion. The social media company is growing steadily, but is still unprofitable.

Reddit IPO: Why the Social Media Stock Could Be a Hidden Artificial Intelligence (AI) Winner

Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.

Reddit reveals FTC inquiry into deals licensing its users' data for AI training

Reddit's heavy dependence on advertising revenue, history of unprofitability, and mismanagement make it a risky investment. The platform's strength lies in its community-powered recommendations, but advertising erodes its authenticity and utility. Reddit is looking to IPO at a valuation that would place it on the upper-end of Price/Sales ratios for social networks.

Reddit: Unproven And Overvalued

Today the most valuable consumer companies monetize attention. And Reddit commands more attention in the U.S. than any company not owned by Alphabet. The low valuation reflects Reddit's modest revenue growth of 20%, the product of an inferior ad stack and business model.

Reddit: IPO Icebreaker

The social network said it is in the early stages of its data-licensing efforts.

Reddit Says FTC Looking Into Licensing of User Content to Third Parties for AI Models

Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company's sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models.

Reddit receives FTC inquiry on AI-related deals ahead of IPO

Reddit said in an updated IPO prospectus on Friday that it's being investigated by the Federal Trade Commission for its data-licensing practices.

FTC investigating Reddit over AI data-licensing practices ahead of IPO

As Reddit makes the final preparations for its initial public offering, the social-media platform has plenty of ways to drive revenue and push toward profitability, according to Ido Caspi, a research analyst at Global X ETFs.

Reddit could use this strategy to ‘monetize aggressively' following its IPO

Reddit's upcoming IPO will be closely watched by a number of companies eyeing public offerings, according to Greg Martin, co-founder of private securities broker-dealer Rainmaker Securities.

News for Reddit Inc Stock (RDDT)