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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.

After its March 21 debut, Reddit (NYSE: RDDT ) more than doubled from its IPO price. Early investors benefited from rapid growth and a successful IPO.

Reddit Stock Earnings Preview: Should You Buy RDDT Ahead of Its May 7 Report?

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Speculation is rife in the market right now and there are plenty of risky stocks for investors to gamble on in an attempt to make a fortune. This is especially true as the market for initial public offerings (IPOs) has returned after two difficult years for new stock issuance.

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Artificial Intelligence (AI) visionary Sam Altman has dominated the tech world over the past couple of years. He shot to fame following OpenAI's release of its groundbreaking large language model, ChatGPT, in late 2022.

3 Stocks to Buy to Invest Like Sam Altman

Freshly listed social media platform Reddit (NYSE:RDDT) warned technology companies that they will face legal action if found extracting data from the website without official permission. The warning from Reddit's chief operating officer Jen Wong was reported by The Times over the weekend.

Reddit warns of legal action for AI firms lifting data without permission

After going public at $34 per share and shooting up above $60, Reddit has settled in the mid-$40s, creating a buying opportunity. Reddit emphasizes its focus on communities and common interests, distinguishing itself from other social media platforms. Reddit's growing user base, particularly in the U.S., provides a strong opportunity for growth and monetization.

Reddit: Buy The Post-IPO Dip

Reddit experienced double-digit year-over-year growth in users and revenue in 2023. Despite strong sales growth, Reddit is not profitable.

Is IPO Stock Reddit a Buy Now?

Reddit is viewed as a meme stock but is a top conviction idea for Julian Lin due to its potential for accelerated growth and re-rating. Why Meta and Reddit are not a valid comparison.

Reddit: Julian Lin's Top Conviction Idea

Social media company Reddit was down for thousands of users on Thursday, according to outage monitoring website Downdetector.com.

Reddit down for thousands, Downdetector shows

The Value Gap is a MarketWatch interview series about confronting inequality that features business leaders, academics, policy makers and activists.

Former Reddit CEO Ellen Pao says the tech sector's DEI push is alive and well

Reddit (NYSE: RDDT ) has been quite popular since its launch two decades ago. Indeed, 2023 was a mixed-bag of expectations for Reddit stock, especially when investors saw an $804 million revenue which was accompanied by a $91 million loss.

Betting on Reddit Stock: Should You Join the Bulls or Heed the Bears' Warning?

Investors circling newly public social media company Reddit (NYSE: RDDT ) should hold off on taking a position in the company.Now that the hype surrounding Reddit's initial public offering ( IPO ) has died down, Reddit stock has fallen substantially since its market debut in March. After peaking at $74.90 per share, the stock has dropped 45% to now trade at $40.

Beware the Reddit Stock Bubble: Why This Overhyped IPO Is Set to Burst

Reddit experienced classic IPO volatility in its debut month as a public security, running all the way to $74 before retreating to its current ~$40/share range. Both Seeking Alpha and Wall Street are divided on the stock, with equal Buy and Sell ratings. Although not a cheap stock, RDDT offers a lot too: a unique platform with a wide moat, positive user metrics, and a nascent ad machine with room to grow.

Buy Reddit As It Retreats From IPO Hype

As of this writing, Reddit (NYSE: RDDT ) stock has been publicly trading for about a month. For a variety of reasons, the stock is down about 20%.

Meme Stock Massacre: 3 Reddit Darlings on the Brink of Collapse

Deutsche Bank just initiated coverage on Reddit with a buy rating. The analyst believes Reddit is at the early stages of a number of inflection points.

Reddit Stock Has 22% Upside, According to 1 Wall Street Analyst

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Volatile stocks are short-term traders' bread and butter. Making money both ways – whether the stock goes up or down – means that finding the most volatile stocks is the shortest path to fast cash opportunities for day traders and swing traders alike.

The 3 Most Volatile Stocks for Short-Term Traders: April 2024

Reddit stock (NYSE: RDDT ) debuted in late-March, and received quite the welcome from early investors. The stock surged to a high of nearly $75 per share just days after its IPO, but has since come back down to earth.

Now That the IPO Dust Has Settled, Is It the Right Time to Buy Reddit Stock?

Analysts at the Bank of America have initiated coverage on the social media platform Reddit with a ‘Neutral' rating and a $46 price target. The analysts wrote in a note to clients that they see big opportunities for the company, which went public on the New York Stock Exchange on March 21, but that they expect volatility to continue.

Reddit seen delivering 'superior growth' amid volatility concerns

Many stock traders want to catch the next hot initial public offering (IPO) in hopes of a multi-bagger. If they get lucky, they'll find the next Meta Platforms (NASDAQ: META ).

Skip It! Reddit Stock Will Give You a Bad Case of ‘IPO Hangover.'

One aspect of Reddit Inc.'s closely watched initial public offering that has grabbed attention since its debut last month is the social-media platform's capital expenditure spending, or lack of it.

Reddit is bucking this big tech trend. Analysts view it as a positive.

Loop Capital gave Reddit shares a $55 price target on Monday. A growth rate that's quicker than its peers and the company's asset-light business model were behind the investment bank's optimism.

Reddit Stock Has 30% Upside, According to 1 Wall Street Analyst

The social media platform had a great first day last month, but shares have dropped since then.

Reddit Is Down Since It Started Trading. What Wall Street Thinks.

Wall Street analysts offered a mix of neutral and positive views for Reddit stock after its IPO and up-and-down trading since.

Wall Street Analysts Launch Reddit Coverage With Mix Of Neutral, Buy Calls

Newly public Reddit Inc. is well positioned to turn its vast trove of user data into a compelling resource for AI, according to analysts, who initiated coverage of the social-media platform Monday.

Reddit poised for AI and user growth, analysts say, as they initiate coverage

Reddit Inc (NYSE: RDDT) has lost nearly 35% in about three weeks but a Morgan Stanley analyst recommends not counting on a swift recovery. Reddit stock has limited upside from here The investment firm assumed coverage of the social media platform today with a “neutral” rating and $45 price target that suggests a near 5.

Reddit stock is down 35% from its high: buy the dip or sell the rip?

I've just finished writing about Trump Media & Technology Group (NASDAQ: DJT ), so forgive me if I'm a little snarky. Nothing puts me in a worse mood than writing about a terrible business.

News for Reddit Inc Stock (RDDT)