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Revenue segments as reported by the company.

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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.

Now that Reddit Inc. is a public company, Chief Executive Steve Huffman is set to make millions — and even more if the stock manages to hold its value.

After Reddit IPO, clock is ticking on CEO's ‘strange' bet on the stock's performance

Company stock price climbed nearly 70% from its IPO, with Condé Nast's parent company standing to make nearly $1.4bn

Reddit shares soar on first day of public trading

As Reddit's stock market value soared to almost $9 billion in its Wall Street debut on Thursday, commenters on the social media website's largest stock trading forums voiced skepticism about the outlook for the money-losing company's shares.

Reddit users downvote stellar Wall Street debut

Every stock is an AI story now, or so it seems. For Reddit (NYSE: RDDT ) and its initial public offering (IPO) today, that's at least part of the story driving shares of RDDT stock more than 45% higher in afternoon trading.

Is RDDT Stock the Next Big AI Company After the Reddit IPO?

There have been a number of high-profile stock mixups in the past that have led certain penny stocks to skyrocket in a short amount of time before dying back down. One such stock generating an incredible amount of interest today is Radient Technologies (OTCMKTS: RDDTF ).

Radient Technologies (RDDTF) Stock Skyrockets 4,900% in Apparent Reddit Mixup

Reddit shares surged as much as 70% above their offering price on the social media platform's first day of trading on Thursday. The stock debuted on the New York Stock Exchange at $47 per share, above its IPO price of $34.

Reddit IPO: shares fly in stock market debut

Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.

Reddit, the self-anointed 'front page of the internet,' jumps 55% in Wall Street debut

After much anticipation, the social network Reddit (NYSE: RDDT ) made its public market debut on Thursday afternoon. Notably, CEO Steve Huffman remarked in an interview that the platform posted a profit in the back half of 2023.

RDDT Stock: CEO Steve Huffman Discloses 2023 Profit as Reddit IPO Takes Off

Since the rise of Reddit stocks during the pandemic, it remains prudent to monitor discussions for signs of emerging trends in retail trading activity. While some have predicted the end of meme stocks following interest rate hikes by the Fed, speculative trading remains prevalent.

Three Reddit-Fueled Stocks on the Verge of Breaking Out

The eyeball-grabbing debut will be a major test of the IPO market, where investors are seeing some green shoots, thanks to increasing bets of a soft landing.

Reddit shares skyrocket 38% above IPO price, valuing company at nearly $9B

Reddit, the social networking forum where users can post, comment and interact on all kinds of issues and topics, is now a public company after a blockbuster IPO.

Reddit IPO spikes, reigniting social media sector

Reddit gained a whopping 70% as it debuted on the New York Stock Exchange on Thursday – signalling strong appetite for new tech stocks. Reddit is now worth over $10 billion The social media company priced its initial public offering at $34 per share on Wednesday that valued it at about $6.4 billion.

Reddit stock rallies 70% on NYSE debut

Social media platform Reddit's market debut on Thursday ended a more than two year-long wait but shifts the focus to how it will compare with the other publicly listed peers.

How Reddit stacks up against social media peers

Shares of message board master Reddit headed sky high Thursday as the company launched its initial public offering. The stock was up nearly 60% from its midday at about $54, giving it a market cap of $8..8 billion.

Reddit Shares Surge In IPO

Shares of social forum giant Reddit opened today at nearly $47 per share, then quickly soared to around $55, up about 60% in heavy volume from its IPO price of $34 per share.

Reddit's IPO has begun with shares soaring 60% within minutes

The social media company's debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

Reddit Opens Up 38%, as Shares Begin Trading

Reddit shares soared in their stock-market debut, an endorsement for the social-media company and a boost for other companies eyeing 2024 IPOs.

Reddit's Stock Jumps in IPO

Shares of Reddit skyrocketed in the social media firm's first day on the New York Stock Exchange, as the most notable initial public offering of 2024 encountered a hungry market.

Reddit IPO: Stock Rallies 50% In Wall Street Debut

Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social media company.

Reddit pops 38% in NYSE debut to open at $47 per share

Nokia

Shares of Reddit (NYSE: RDDT ) are set to have their initial public offering (IPO) today on the New York Stock Exchange. As of March 17, the IPO was between four to five times oversubscribed, which will result in its shares launching at $34, the high end of the company's target price range between $31 and $34.

RDDT Stock Alert: Nokia Accuses Reddit of Patent Infringement Amidst IPO

Reddit, Inc. is set to begin trading with an expected valuation of around $6.5 billion. The company has solid revenue growth, lots of operational leverage, and is reasonably valued, but the company is still unprofitable, even after 18 years. We expect that public investors will strongly pressure management to push monetization, which could bring a massive opportunity for shareholders.

Reddit: The Ultimate Boom Or Bust Stock

Reddit Inc's initial public offering on the New York Stock Exchange continues to draw focus, as investors await to see where shares will go from a starting price of US$34 on Thursday's first day of trading. In the absence of any market data just yet, commentators noted an early 1.8% rise by The Renaissance IPO ETF, which tracks the largest newly US-listed firms, in early trading.

Reddit IPO hype swirls, funds to enable path toward profitability - analysts

The shares of social media giant Reddit (NYSE: RDDT ) will start trading today in what many see as the biggest initial public offering (IPO) of the year. The IPO of RDDT stock, which will trade on the New York Stock Exchange, was priced yesterday at $34 per share.

RDDT Stock IPO: 7 Things to Know as Reddit Starts Trading Today

Reddit (NASDAQ: RDDT) stock price will be in the spotlight on Thursday as the social media giant goes public. The latest figures show that the company will receive a valuation of over $6.4 billion, making it one of the biggest social media stocks.

Reddit stock: avoid RDDT for now, history says

Stock futures rose in premarket trading on Thursday after the Fed maintained its projection for three rate cuts this year and ahead of Reddit's hotly anticipated initial public offering.

News for Reddit Inc Stock (RDDT)