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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.

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue

Reddit shares soar after company turns first-ever profit

Snap

Shares of social-media companies Reddit Inc (NYSE:RDDT) and Snap Inc (NYSE:SNAP) are surging today after earnings.

2 Social Media Stocks Surging After Earnings

Reddit shares popped Wednesday, one day after it reported third-quarter results that beat Wall Street's expectations. The company reported revenue of $348.4 million, up 68% from a year earlier.

Reddit shares soar 35% on profitability, rosy guidance

Reddit Inc.'s better-than-expected third-quarter results highlight the social-media platform's strong growth potential, analysts say.

‘Rocketship' Reddit's third-quarter results a real ‘Jekyll and Hyde' story, says Bernstein

Reddit (RDDT) shares are surging 24% in premarket trading Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.

Reddit Stock Jumps on Surprise Profit, Buoyant Outlook

Reddit (RDDT) shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a better-than-expected outlook amid robust digital advertising spending and lucrative artificial intelligence (AI) content licensing deals.

Reddit Price Levels to Watch as Stock Surges on Strong Earnings, Outlook

Alphabet

Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday season.

Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demand

Reddit shares surged 25% after it reported a revenue beat and turned a profit for the first time. The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3.

Reddit's bet on AI is starting to pay off

Reddit's community-based platform excels in contextual and interest-based ads, driving strong DAUq growth and ARPU improvements, leading to a 'Buy' rating with a $130 target price. International expansion and AI-powered tools like Memorable AI bolster Reddit's advertising capabilities, enhancing revenue growth and global user engagement. RDDT's Q3 results showcased 47% DAUq growth, 68% revenue rise, and significant margin expansion, with a projected 40% revenue growth from FY25 to FY28.

Reddit: Future Of Contextual And Interest-Based Ads, Initiate With 'Buy'

Social media website Reddit (NYSE:RDDT) posted a net income of $29.9 million in the third quarter, marking the first quarterly profit since going public in March. Reddit delivered this on an 8.6% margin, driven by a 56% increase in advertising revenue to $315.1 million.

Reddit declares first profit since going public, shares rocket higher

Our social media habits are so ingrained they're almost automatic and essential. Little surprise, then, that the companies behind them are flourishing.

CNBC Daily Open: Everyone gave Reddit an upvote

Reddit, Inc. (NYSE:RDDT ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steven Huffman - Co-Founder & Chief Executive Officer Jennifer Wong - Chief Operating Officer Andrew Vollero - Chief Financial Officer Conference Call Participants Benjamin Black - Deutsche Bank Ronald Josey - Citigroup Richard Greenfield - LightShed Andrew Boone - JMP Securities Naved Khan - B. Riley Securities Eric Sheridan - Goldman Sachs Rohit Kulkarni - ROTH Capital Partners John Colantuoni - Jefferies Brian Nowak - Morgan Stanley Thomas Champion - Piper Sandler Douglas Anmuth - JP Morgan Alan Gould - Loop Capital Daniel Salmon - New Street Research Operator Good afternoon.

Reddit, Inc. (RDDT) Q3 2024 Earnings Call Transcript

Advanced Micro Devices

Chipotle

Visa

Meanwhile, Chipotle and AMD beat on earnings but are sliding in late trading on weaker guidance.

Alphabet, Visa, Reddit Up on Strong Earnings Numbers

We're adding Reddit, Inc. to our tech coverage universe and initiating with a buy. Q3 2024 results and management outlook confirm our expectation that there is more upside ahead. We expect sustained outperformance into FY25 on better ad spending in a healthier macro backdrop and an upward revision in its AI data licensing revenue.

Reddit: Buying The Underdog For Its Pace Of Growth

Reddit Inc. said late Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Reddit's stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Sam Altman's stake in Reddit is now worth more than $1 billion, based on where the stock is trading after hours. The OpenAI CEO is among Reddit's largest shareholders.

Sam Altman's Reddit stake now worth over $1 billion after post-earnings pop

Reddit easily bested Q3 estimates and gave a stronger-than-expected sales and profit forecast for Q4.

Reddit Stock Surges As Strong Revenue Growth Powers Surprise Profit

Reddit forecast fourth-quarter revenue above Wall Street estimates on Tuesday, helped by its AI content licensing deals and strong digital advertising spend.

Reddit forecasts quarterly revenue above estimates

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Reddit shares soar 16% on earnings beat and better-than-expected forecast

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended September 30, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com. “It was another strong quarter for Reddit and our communities as we achieved important milestones, including new levels of user traffic, revenue growth, and profitability,” said Steve Huffma.

Reddit Announces Third Quarter 2024 Results

VILNIUS, Lithuania, Oct. 29, 2024 (GLOBE NEWSWIRE) -- BTCC Exchange , one of the world's longest-serving crypto exchanges, has strengthened its community-building efforts by expanding its social media presence on Reddit and Discord. Through these platforms, BTCC is creating an interactive space where users can freely discuss market trends, speculate on price movements, and stay updated on the latest BTCC news.

BTCC Exchange Strengthens Community Engagement with New Reddit and Discord Campaigns Amid Growing Market Excitement

Check Point Software Technologies

Novartis

Novartis, Reddit and Check Point Software Technologies are included in this Analyst Blog.

The Zacks Analyst Blog Novartis, Reddit and Check Point Software Technologies

We have narrowed our search to three large-cap stocks set to report earnings results tomorrow. These are: NVS, RDDT, CHKP.

Buy 3 Stocks Likely to Gain on Potential Q3 Earnings Beat

Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.

Reddit's results are on deck. Analysts expect ad strength and growth in online spending.

Earnings are due for Snap stock and Reddit as the social media players look to gain ground on their much larger rival Meta.

News for Reddit Inc Stock (RDDT)