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Revenue segments as reported by the company.

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International

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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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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.

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V.F.

Williams

This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.

The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data

Shares of Reddit Inc. were down 0.6% on Monday afternoon ahead of the social-media platform's second-ever quarterly earnings report as a public company on Tuesday.

Reddit's stock rallies, then slips, as second-quarter results loom

Reddit (RDDT) made its first acquisition since its initial public offering earlier this year, the social-media company on Thursday announcing that it had purchase advertising technology company Memorable AI.

Reddit Acquires Ad-Optimization Company Memorable AI

Pinterest

Snap

Meta Platforms and Pinterest kicked off earnings season for social-media stocks with contrasting results. Now Snap and Reddit need to show advertising and AI payoffs.

Meta and Pinterest Stocks Diverged After Earnings. What It Means for Snap and Reddit.

Spotify

In today's digital era, social media stocks emerge as a strong investment avenue for investors seeking long-term returns. Social media is no novelty; some call it a defining characteristic of the 21st century.

What Are the Hottest Social Media Stocks Right Now? 3 Top Picks.

Reddit (RDDT) is set to report second-quarter earnings after the bell on Aug. 6, with investors likely watching for user engagement growth and updates on licensing agreements for artificial intelligence (AI) training.

What You Need To Know Ahead of Reddit's Earnings Report

Reddit Inc. (RDDT) closed the most recent trading day at $62.36, moving +0.48% from the previous trading session.

Reddit Inc. (RDDT) Advances But Underperforms Market: Key Facts

Snap stock, Pinterest and Reddit each have Q2 results due soon. Here is what analysts are watching.

Can Snap, Pinterest And Reddit Build Back Momentum Vs. Meta?

Shares of Reddit Inc. ended Monday's session up 5.3% after the social-media platform announced a partnership program with five major U.S. sports organizations.

Reddit's stock rises on new partnership with NFL, NBA, MLB, PGA Tour and NASCAR

Shares of Reddit (RDDT) jumped Monday, outpacing other social media companies' rising shares to start the week.

Reddit Stock Jumps as Social Media Shares Climb

Reddit (NYSE: RDDT ) stock is up on Monday after signing new deals with the NFL, the NBA and other sports leagues for more content on its website. This will see sports leagues share a variety of content on the site in an effort to attract more users.

RDDT Stock Alert: Reddit Nabs New Deals with NFL, NBA

Chewy

GameStop

The astonishing GameStop (NYSE: GME ) short squeeze in January 2021 was a watershed moment for meme investing. Although coordinated retail investors have bought into positions in a similar way to meme stocks in the past, 2021 underlined the strength of social media in driving the meme stocks to buy now.

3 Meme Stocks to Buy Now: Q3 Edition

Reddit said on Monday it has struck deals with sports leagues, including the National Basketball Association and the National Football League, in an attempt to boost revenue.

Reddit partners with NFL, NBA to boost revenue

Reddit Inc. (RDDT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Bears are Losing Control Over Reddit Inc. (RDDT), Here's Why It's a 'Buy' Now

Reddit stock has delivered a 30% return to shareholders since going public in March, outperforming the S&P 500. Reddit's dual share structure offers an intriguing twist on a concept that has caused concern for investors in the past. We cannot help but wonder about the sustainability of today's valuation, even with robust user growth.

Reddit: Unpacking This Newly Listed Tech Company

Trump Media & Technology Group Corp

Social media stocks Reddit, Inc. RDDT and Trump Media & Technology Group Corp. DJT were among high-profile public listings in March and their fortunes have diverged. Here's a rundown on how the shares have fared since their listings vis-a-vis fundamentals and what lies ahead.

Reddit (RDDT) Vs. Trump's DJT: How 2 High-Profile Social Media Stocks Have Fared Since March Listings

Reddit is commonly thought of as a meme stock, but it has the fundamentals to back the soaring stock price. The latest quarter saw the company deliver sector-leading growth while also making solid improvements in profitability. Wall Street may be missing the big picture here, as the growth runway is as long as I have ever seen.

Top Pick: Reddit Is A Conviction Buy

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

On Tuesday, Loop Capital analysts downgraded Reddit Inc (NYSE: RDDT) from Buy to Hold, triggering a more than 3% drop in pre-market trading. The downgrade was driven by concerns over Reddit's valuation, despite Loop Capital maintaining a price target of $75.

Loop Capital downgrades Reddit stock to Hold amid valuation concerns: Is it time to cash out?

Crossfirst Bankshares Inc

Owens & Minor

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 40 points on Tuesday.

CrossFirst Bankshares Posts Q2 Earnings, Joins Owens & Minor, Reddit And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Reddit, Inc. NYSE: RDDT has been on an impressive run, recently achieving a new all-time high and up almost 40% YTD. The question now is whether this momentum and sector outperformance can continue after the stock pulled back nearly 10% from its recent highs and has a growing short interest.

Social Platform Stock Hits New Highs: Is More Growth Ahead?

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of t.

Reddit to Announce Second Quarter 2024 Results on Tuesday, August 6, 2024

Tencent Holdings Limited

If you're looking for relative value in tech after the meteoric rise of the Nasdaq 100 and the Magnificent Seven in the first half, perhaps the social media scene is worth checking out this July. Undoubtedly, the artificial intelligence revolution will change many industries in profound ways that are difficult for some to fathom.

The 3 Best Social Media Stocks to Buy in July 2024

Investors and analysts are trying to figure out what Reddit's value is, which can lead to ups and downs. Investors can be calm in spite of volatility if they know the right things to focus on.

Here's Why Reddit Stock Went Up 18% Last Month

Up 45% since its initial public offering in March of this year, Reddit (NYSE: RDDT ) has emerged as one of the best technology stocks that investors can buy. Reddit stock has come out of the as gate strong as just about any company that's held an IPO in the last four years.

News for Reddit Inc Stock (RDDT)