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Revenue segments as reported by the company.

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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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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.

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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.

GameStop

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?

Microsoft

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.

RDDT Stock Alert: Reddit Pops on Major OpenAI Deal

Shares of Reddit Inc. soared 15.3% Friday, lifted by the company's deal with OpenAI, putting the stock on pace for its biggest gain since March 25, 2024, when it rose 30% Dow Jones Market Data show.

Reddit shares surge on OpenAI ChatGPT deal, on pace for biggest gain since March

NVIDIA

Nvidia and Reddit Stock Investors Just Got Spectacular Artificial Intelligence (AI) Updates

Shares of Reddit were on the rise in premarket trading Friday after the social media company announced a content deal with OpenAI, the Microsoft-backed artificial intelligence company behind ChatGPT and other popular AI tools.

Reddit stock price sees fresh high after content deal with ChatGPT maker OpenAI

Ibotta Inc

Rubrik Inc

This year could prove to be a turning point for the Initial Public Offering (IPO) markets, which have struggled over the past two years. Amid high interest rates and geopolitical tensions, there's a growing sense of optimism, making it an opportune time to scout for IPO stocks to buy.

IPO Icons: 3 Freshman Stocks Earning Wall Street's Adoration

Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience and attract more advertising revenue.

Reddit stock jumps after OpenAI partnership

The social-media company's agreement to license its content with Microsoft-backed OpenAI comes after Reddit reached a similar arrangement with Alphabet's Google, reported to be worth $60 million a year.

Reddit Stock Stock Soars. Playing Nice with AI Companies Is Paying Off.

Since its IPO nearly two months ago, Reddit (NYSE: RDDT) has been a rollercoaster ride for investors.

Short squeeze alert for Reddit stock

OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work on the popular discussion platform, the companies said Thursday.

Reddit gives OpenAI access to its wealth of posts

Reddit (NYSE:RDDT) shares jumped as much as 14% in late-night trading after it announced a new partnership with ChatGPT creator OpenAI. Content from the Reddit (NYSE:RDDT) platform is expected to be taken in by OpenAI's ChatGPT system and other products, meanwhile, OpenAI will also become a Reddit advertising partner.

Reddit shares jump on OpenAI ChatGPT deal

Reddit Inc (RDDT), arguably the original meme stock, has done a roaring trade in the past few hours. After debuting on the New York Stock Exchange stock exchange as recently as March 21st, the Reddit stock price has climbed an impressive amount in overnight trading.

Why is the Reddit Inc stock price (RDDT) up 12% today?

Reddit (RDDT) shares soared nearly 12% in extended-hours trading Thursday after the company announced a partnership with OpenAI that allows the ChatGPT owner to train its artificial intelligence (AI) models using the news aggregation social network's content.

Reddit Stock Soars After Company Inks Partnership With ChatGPT Owner OpenAI

OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That's one component of a new partnership formed by the AI company and the social media platform, Reddit said in a Thursday (May 16) blog post.

OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising

Meanwhile, Reddit says it will bring "AI-powered features" to redditors.

OpenAI's New Reddit Deal Means Real-Time Data for You ChatGPT Users

OpenAI will also become a Reddit advertising partner.

OpenAI strikes deal with Reddit to bring content to ChatGPT

Reddit will give artificial intelligence startup OpenAI access to its data. Reddit stock jumped, moving toward an aggressive entry.

Reddit Jumps On OpenAI Partnership

Shares of Reddit Inc. rose 9% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.

Reddit shares climb on ChatGPT deal with OpenAI

OpenAI and Reddit have reached a deal to allow OpenAI to train its generative AI models on Reddit's data.

OpenAI inks deal to train AI on Reddit data

OpenAI and Reddit are teaming up together in a new partnership. Reddit's content will help train OpenAI's models, the companies announced Thursday.

Reddit announces another big data-sharing AI deal — this time with OpenAI

Reddit has partnered with OpenAI to bring the social media platform's content to ChatGPT, the companies said on Thursday.

OpenAI strikes deal to bring Reddit content to ChatGPT

Reddit Inc.'s stock has experienced volatility since its IPO due to various events, such as a Q1 revenue beat and a resurgence in meme stock trading. We think potential irrational trading must be considered. Nevertheless, Reddit's fundamentals mustn't be neglected. Despite its user growth, Reddit's pathway to accounting profitability remains uncertain.

News for Reddit Inc Stock (RDDT)