U.S. DAUs

International DAUs

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% change DAUs

U.S. WAUs

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U.S. ARPU

International ARPU

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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.

Research and development

Sales and marketing

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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.

Revenue

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Book value per share

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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.

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Reddit's IPO is making waves among social media stocks as early investors massively oversubscribe to the listing, which is expected to post between $31 and $34 per share. While some may see Reddit as the next big social media stock, better options and alternatives are out there.

7 Social Media Stocks With More Upside Potential Than Reddit's Overhyped IPO

The Reddit IPO has priced at 34 per share, valuing the social media company at about $6.4 billion.

Reddit IPO To Debut After Social Media Company Prices At Top Of Range

Social media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, setting the stage for other companies looking to go public this year, while testing investor appetite for new issues.

Reddit set for hotly anticipated debut after pricing IPO at top of range

Wall Street will see one of the year's most highly anticipated IPOs this week, when the nearly two decade old social media platform Reddit goes public, set for Thursday.

Five things to know about Reddit

The site's journey from toxic cesspool to trusted news source illustrates the business value of keeping bad actors at bay.

Reddit's I.P.O. Is a Content Moderation Success Story

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory—the stock market.

Reddit, the self-anointed the 'front page of the internet,' set to make its stock market debut

Reddit, the social media platform, is set to debut on the New York Stock Exchange at the top end of its guidance at US$34 per share. This gives the company a fully diluted valuation of US$6.4 billion, well below the US$10 billion it was valued at when it went through a private fundraising back in 2021.

Reddit to list shares at top end of IPO range

Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company's IPO on Thursday. The social media giant raised nearly $500 million in the offering.

Reddit prices IPO at $34 per share, the top of the range

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market a much-needed boost.

Reddit prices IPO at top of indicated range to raise $748 million

Platform to make its debut on the New York Stock Exchange on Thursday with a market value of $6.4bn

Reddit shares priced at $34, in largest IPO by social media company in years

The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million in the social site, which plans to go public on Thursday.

Condé Nast's Owners Set to Reap a $1.4 Billion Windfall From Reddit

Reddit priced its initial public offering (IPO) at $34 per share Wednesday evening and is set to begin trading Thursday, according to reports.

Reddit Reportedly Prices Its IPO at $34 Per Share, Valuing It At $6.4 Billion

Reddit priced its initial public offering at $34 a share, which is on the high end of its targeted range and gives the company a value of about $6.4 billion, multiple outlets reported Wednesday afternoon.

Reddit Priced IPO At $34 Per Share—Hitting The High End Of Its Range

The popular social media site debuts Thursday. Will Reddit lead to a unicorn IPO revival?

Reddit Prices IPO at $34 a Share

Reddit priced its initial public offering Wednesday at $34 a share.  The offering values the social media company at around $6.4 billion.

Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share. Reddit will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Reddit has granted the underwriters a 30-day option to pu.

Reddit Announces Pricing of Initial Public Offering

Reddit is poised to take the plunge into public markets after announcing pricing for its closely-watched initial public offering.

Reddit reportedly prices IPO at $34 a share, at high end of its target range

Reddit has priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.

Reddit prices IPO at $34 per share, sources say

The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.

Reddit Said to Price I.P.O. at $34 a Share, in a Positive Sign for Tech

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, according to people familiar with the matter.

Reddit prices IPO at top of indicated range, sources say

Reddit's forthcoming IPO has raised the question of how the social-media platform makes money and plans to turn a profit.

Reddit's IPO raises questions about profitability. Here's how it makes money.

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Reddit's high-profile initial public offering (IPO) in the US will likely be priced at the top end, or even above, its marketed range, reports have said. Due to take place on Thursday, the IPO will see Reddit and its shareholders offer 22 million shares for US$31 to US$34 each.

Reddit IPO could be priced above guided range - reports

Reddit and its bankers are guiding that they could price the social media platform's initial public offering (IPO) at the top of the indicated range or above, according to a source familiar with the matter.

Reddit guides IPO may price at top of range or above, source says

The "front page of the internet" is finally ready to go public. Reddit is set to list on the New York Stock Exchange on Thursday.

News for Reddit Inc Stock (RDDT)