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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.

Microsoft

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.

Reddit: Looking Past The Noise

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Schwab US Dividend Equity ETF

Meme stocks like AMC and GameStop are surging again, driven by retail investors and the return of "Roaring Kitty" on Reddit. However, this is likely bad news for dividend stocks.

Why The Meme Stock Craze Is Bad News For Dividend Stocks

Chegg

Getty Images Holdings Inc

Even as the heat around artificial intelligence cools slightly, it's clear that advanced computing and AI-centric solutions will continue to propel innovation and market growth for years to come. However, while prominent AI stocks to buy like Nvidia (NASDAQ: NVDA ) capture most of the media and market spotlight, several overlooked AI stocks are methodically laying the groundwork for significant future expansion.

3 Unbeatable Stocks to Ride the AI Wave Long-Term

Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy

Reddit shares close near record after two-day rally driven by meme stocks

This time is different. Rates are lower. Sentiment is lower. Short positions are smaller. Meme ETFs have closed shop. Crypto is… not dead, but not what it was in the heady days of 2021.

This meme stock rally doesn't repeat, it rhymes

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Plug Power

VinFast Auto Ltd

No, it's not 2021. But waking up today, you might have been forgiven for thinking so.

5 Meme Stocks With a High Short Interest

Social media firm Reddit (NYSE: RDDT ) — which specializes in facilitating digital communities that cover a wide variety of topics — is seeing shares soar on Monday. Earlier today, speculation about the resurgence of meme stock trading boosted sentiment.

Infamous User Roaring Kitty Sends Reddit (RDDT) Stock Surging

Tesla

Monday's market action tells us that meme stocks are back in play. However, because not all meme stocks are created equally, investors should focus on those with fundamental catalysts.

Meme Mania is Back: Buy these 3 Stocks

Reddit, the social networking platform that recently floated on the stock market, saw its shares surge 15% on the back of its first-quarter financial results on May 8.

Reddit's share price has held since it went public, but the firm's unique structure could be its undoing

Reddit applies AI in a way that increases productivity without compromising the human element. The U.S. accounts for most of its revenue and its fastest revenue growth.

Reddit Stock Surged on News of Its Artificial Intelligence Bet, but Does That Make It a Worthwhile AI Buy?

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New stocks have IPOs that experience huge price swings in their first months as the market determines their true worth. This volatility presents both risks and rewards for investors.

3 New Stocks That Could Soon Join the Trillion-Dollar Club

IMAX

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It's no secret AMC (NYSE: AMC ) stock is not doing well right now. It's down 47% year-to-date (YTD) and 93% in the last 12 months.

3 Media Stocks to Buy While AMC Continues Falling

What's more important — thrills, or actual profits? This is a gut-check question that you need to answer if you're thinking about investing in Reddit (NYSE: RDDT ).

Countdown to Destruction: Brutal Days Are Coming for Reddit Stock

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences. Jen Wong, Reddit's COO, will participate in Needham's 19th Annual Needham Technology, Media, and Consumer Conference on Wednesday, May 15, 2024 at 8:45 a.m. Eastern Time Steve Huffman, Reddit's Co-Founder & CEO, will participate in J.P. Morgan's 52nd Annual Global Technology, Media, and Communications Conference on Monday, May 20, 2024 at 8:40 a.m. Eastern Time Live we.

Reddit to Participate in Upcoming Investor Conferences

Reddit posted better-than-expected results for its fiscal first quarter. It was a hot debutante two months ago, but with the stock back to where it was at the end of its first trading day, you can pick up a better Reddit now.

3 Reasons Cathie Wood Is Buying Reddit Stock Now

Lyft

Uber

The 30-stock index is on its longest winning streak of the year.

Stock Market Today: Dow Brings Daily Win Streak to Six

The S&P 500 Information Technology Sector Index wavered between gains and losses in intraday trading Wednesday, up just 0.1% as of 2 p.m. ET. The broader S&P 500 was 0.1% lower and the tech-heavy Nasdaq was down 0.3%.

Tech Stocks on the Move Today: Uber Technologies, Reddit, and More

Reddit (NYSE:RDDT) posted a strong first quarter earnings report post-listing but a lot of the upside for the stock has already been priced in, analysts at the Bank of America believe. Q1 revenue of $243 million topped estimates of $212 million, with ad revenue up 39% to $222.7 million, above the expected $199 million.

Reddit's strong Q1 execution hard to duplicate with upside already price in, analysts believe

The platform saw a big rise in traffic from the Google search engine in the March quarter.

Reddit Got a Google Boost. More AI Deals Could Lift the Stock.

Reddit stock is higher after the company's impressive Q1 results and strong Q2 outlook. Here's what you need to know.

Reddit Stock Rises After First Post-IPO Earnings Report

Reddit's (RDDT) first-quarter 2024 results benefit from strong daily active user growth and higher ARPU.

Reddit (RDDT) Q1 Earnings Beat Estimates, Revenues Up Y/Y

Reddit Inc's (NYSE:RDDT) first earnings report came in even stronger than Wall Street expected, with first-quarter revenue handily beating estimates.

Reddit Impresses in First-Ever Quarterly Report

Reddit Inc.'s first quarterly results as a public company sent the company's stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and new data-licensing opportunities ahead for the social-media platform.

News for Reddit Inc Stock (RDDT)