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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.

AMC Entertainment

GameStop

Shares in GameStop Corp (NYSE:GME) soared 65% in premarket trading after noted 'meme stock' trader Keith Gill posted a screenshot of his latest trades.   Gill, the former professional trader who goes by the moniker of Roaring Kitty, issued the first post from his Reddit (NYSE:RDDT) account in a while.

GameStop and AMC fly after Roaring Kitty shares trades on Reddit

Most newly public stocks have underperformed three years after their debuts. Reddit stock is up since its initial public offering in March.

My Top Tech IPO to Buy in June

Pinterest

Social media has become a huge part of our lives and the increasing amount of time we spend on it is proof that it is indispensable to us. Social media giants make a huge amount of money from advertising on their platforms, and marketers are now ready to expand their budgets and attract new customers.

Like, Share, Profit- 3 Social Media Stocks to ‘Follow' for Viral Returns

Asana

Oklo Inc

Sam Altman, the CEO of OpenAI, is perhaps one of the greatest visionaries of the artificial intelligence (gen AI) age. He's also an investor in several innovative tech firms that could reshape the world of tomorrow.

3 Sam Altman Stocks to Buy Now: May 2024

Reddit (NYSE: RDDT ) has come out of the gate strong since its initial public offering in March of this year, and Reddit stock still is a serious buy. The online message board and discussion forum company that's home to the notorious WallStreetBets subreddit, has seen its share price rise 20% since its first day of trading on March 21.

Reddit Stock Alert: The Social Media IPO That's Defying the Odds

Honda

Robinhood

We're approaching the end of first quarter earnings season with 92% of companies listed in the benchmark S&P 500 index reporting results. By and large, it has been a strong period.

Q1 Superstars: 3 Stocks to Buy After Stellar Earnings

Social media continues to be a force in society and in the business world. The latest industry statistics show that there are 5.17 billion social media users worldwide today.

3 Social Media Stocks to Buy Now: May 2024

Reddit didn't dramatically boost its growth spending to elevate its numbers just before going public. The company's expenses are rising more slowly than revenue, which is rare for a company of this profile at this stage.

1 Number I Love for IPO Stock Reddit and 1 Reason It Can Get Even Better

Two months in, Reddit (NYSE: RDDT ) stock is considered a successful initial public offering. The stock opened at $47 per share and closed at around $50 per share, marking the first IPO of a social media site since Pinterest debuted five years ago.

Reddit Stock Analysis: Is RDDT the Real Deal or a Meme Fantasy?

ARM Holdings PLC

Coinbase

Dell Technologies

Alphabet

Super Micro Computer

Spotify

If you're wondering which tech stocks to buy this month, look no further. Technology stocks continue to offer investors big growth opportunities.

7 Tech Stocks That Could Be Millionaire-Makers: May Edition

Just over 60 days since Reddit Inc.'s initial public offering, one of the social-media platform's moderators-turned-investors says she is “really pleased” with how things are going.

‘So far, so great' for newly public Reddit, says moderator-turned-investor

After reporting its first-ever set of financials after the company's initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT are now trading above their 52-week high. Most of the bullish price action came right after the first quarter of 2024 earnings announcement.

Reddit's OpenAI Partnership Brings a Fresh New Upside

Reddit continues to gain new users at an impressive rate. However, fewer than half of those users are logged in to its site.

Will Reddit Be a Trillion-Dollar Stock by 2050?

Reddit and OpenAI's collaboration aims to enhance user experience by integrating Reddit's conversation repository with OpenAI's AI capabilities. The partnership has boosted investor confidence and is expected to offer new revenue streams for RDDT through AI-powered features and advertising opportunities. The collaboration aligns with the trend of media companies monetizing their content through AI partnerships, highlighting the potential for growth in the AI content monetization market.

Reddit: OpenAI Deal Is Big

Reddit's stock surged over 10% on news that it has cut a deal with OpenAI. The details regarding how the arrangement would help Reddit's revenue were thin, so the jump in shares that were already overvalued did not make sense.

Reddit Is Still Way Overpriced

Walmart

Here are some of the major companies whose stocks moved on the week's news.

The Score: GameStop, Walmart, Reddit and More Stocks That Defined the Week

Reddit (NYSE: RDDT ) stock is in the spotlight after Chase Coleman's Tiger Global revealed a stake in the online community forum through its first-quarter 13F. Institutional investors are required to submit a 13F filing 45 days after the end of each quarter.

Tiger Global Is Betting on RDDT Stock After the Reddit IPO

Microsoft

Reddit Inc.'s deal with OpenAI likely reflects the scale of demand for the social media platform's data, according to Deutsche Bank.

Reddit OpenAI deal highlights demand for the social-media platform's data

Reddit is partnering with OpenAI just a few months after expanding its partnership with Google. The company is seeing user growth thanks to Google and could see growth from partnering with OpenAI.

Why Reddit Stock Soared Today

BlackBerry

Faraday Future Intelligent Electric

Koss

It was the week the meme-stock frenzy from 2021 returned with a vengeance — and it may all be over already.

Is the meme-stock frenzy over already? Possibly, say experts.

U.S. stocks held steady near record highs on Friday as shares of GameStop tumbled, capping off a rollercoaster week for it and other meme stocks.

Dow Jones Today: Stocks Inch Higher; GameStop, Reddit in Focus

Reddit inked a partnership with OpenAI that will bring new artificial intelligence features to the social media platform.

Reddit Stock Surges on OpenAI Deal: What You Need To Know

Reddit (RDDT) is set to benefit from an expanding partner base with the latest addition of Microsoft-backed OpenAI.

Does Reddit's (RDDT) OpenAI Partnership Make It Worth Buying?

Reddit Inc (NYSE:RDDT) stock is soaring today, up 16.9% at $65.90 at last glance.

Reddit Stock Soars on OpenAI Deal

Reddit (NASDAQ: RDDT ) stock rose 11% overnight after the discussion site licensed its content to OpenAI for training large language models. Under the deal, OpenAI will become a Reddit advertiser, and users will gain access to artificial intelligence (AI) features.

News for Reddit Inc Stock (RDDT)