U.S. DAUs

International DAUs

Global DAUs

% change DAUs

U.S. WAUs

International WAUs

Global WAUs

% change WAUs

U.S. ARPU

International ARPU

Global ARPU

Revenue segments as reported by the company.

U.S.

International

Total Revenue

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Research and development

Sales and marketing

General and administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

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's forthcoming IPO could put the social-media platform in a tricky position, according to Jon Keidan, founder and managing partner of venture fund Torch Capital.

Why Reddit is ‘walking a tightrope' with its IPO

Reddit's IPO valuation of $5 billion or higher is considered too high and reminiscent of unprofitable IPOs seen in 2021.

Reddit: Return Of The Profitless And Overvalued IPO

Reddit has filed for its IPO, aiming to become a publicly listed entity on the New York Stock Exchange.

Reddit: Why I Plan To Load Up The Truck On The IPO

Reddit, (RDDT), should start trading as a newly public company sometime in March. At the reported valuation of $5 billion or higher, Reddit earns an Unattractive Stock Rating.

Reddit: Return Of The Junk Stock IPO

The Reddit IPO will launch later this month, but should you buy the social media stock when it first starts trading? We take a closer look here.

The Reddit IPO Is Almost Here: Should You Buy Reddit Stock?

The long-awaited Reddit IPO could finally be upon us, with the company looking at a valuation as high as $6.5 billion, which would put its share in a target range between $31 and $34 under a ticker RDDT at the New York Stock Exchange.

Reddit stock could be WallStreetBets next target

For the past two weeks, investors have been waiting for what promises to be the year's biggest initial public offering (IPO). On Feb. 22, 2024, the popular social media forum Reddit filed a prospectus with the U.S. Securities and Exchange Commission (SEC) seeking to go public.

Will the Reddit IPO Be the Mother of All Short Squeezes?

Offbeat social media institution Reddit will launch as an initial public offering (IPO) on the New York Stock Exchange (NYSE) soon, likely within the next month. It will be traded under the ticker RDDT.

Reddit is finally going to IPO – here's what we know and don't know about the launch

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Reddit is seeking a valuation of up to $6.5 billion for its upcoming IPO.

Reddit seeking a valuation of up to $6.5 billion in IPO

Social media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, the Wall Street Journal reported on Friday.

Reddit eyes up to $6.5 billion valuation in IPO, WSJ reports

The social-media company was valued much higher a few years ago.

Reddit Eyes Valuation of Up to $6.5 Billion in IPO

Reddit's fate on the public markets may depend on whether it can hang with the tech giants that dominate digital advertising.

Reddit IPO: Can A New Social Media Stock Stand Out In Meta's World?

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. Many news outlets assumed Altman owned all $435 million in stock, but the fine print tells another story.

No, Sam Altman doesn't actually own half a billion dollars of Reddit stock

If secondary buyers aren't buying shares at more than a $5 billion valuation, it wouldn't be wise for Reddit to price its IPO above that.

Reddit should go public at $5 billion, according to secondary data

Reddit's S-1 filing revealed that Sam Altman owns slightly over 9% of the social media giant. Reddit is one of the most popular online forums, but the company has been at the center of several controversies.

OpenAI CEO Sam Altman Has a Major Stake in This Hot IPO Stock. Should You Follow His Lead?

Reddit is going public. It lost nearly $91 million last year, the company said in its newly filed IPO documents.

Wait. Why is Reddit losing so much money?

Jeremiah Johnson says he has “an embarrassing amount” of Reddit karma. So, as a longtime moderator of subreddits like r/economics, he was part of a select group of power users who were granted first dibs to buy stock in Reddit as the company prepares to go public.

Reddit users wonder if the next big meme stock is Reddit itself

Reddit has filed for a $100 million IPO, but the final figure may be higher.

Reddit Grows But Operating Losses Remain Substantial In IPO Effort

Reddit co-founder and CEO Steve Huffman was thrust into the spotlight last week after the social media platform filed for its initial public offering.

Reddit CEO Steve Huffman: What to know

﻿ Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Equity Shot: All about the Reddit IPO!

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The first part of the body of the minutes focused on evidence regarding the current state of the economy, employment, and inflation. The most interesting part of the minutes related to how participants viewed the economy and the appropriate path for policy.

U.S. IPO Weekly Recap: Reddit And Astera Labs Join The IPO Pipeline In Short Week

Reddit's initial public offering filing reveals OpenAI CEO Sam Altman is the social media platform's third-largest shareholder, meaning he could net a fortune in its debut.

Reddit's public debut could mean big bucks for OpenAI CEO Sam Altman

Reddit filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) to trade under the symbol “RDDT" this week. The company first pursued going public in late 2021.

4 Key Takeaways From Reddit's IPO Filing

Want to buy a piece of the Reddit? You better think about what the WallStreetBets subreddit could do to your investment.

News for Reddit Inc Stock (RDDT)