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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.

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.

Shares in social media site Reddit (NASDAQ: RDDT ) stock rose 10% overnight after it reported its first results as a public company. For the quarter ending in March, Reddit lost $575 million, $8.19 per share, on revenues of $243 million.

Needham Just Raised Its Price Target on Reddit (RDDT) Stock

Reddit Inc (NYSE: RDDT) is already up close to 40% versus its year-to-date low but analysts at Citi are convinced that it's not out of juice just yet.

Reddit stock up 10% on Q1 earnings: is it too late to buy?

Reddit shares soared as much as 14% on Wednesday after the social media firm posted unexpectedly strong revenue growth and improving profitability in the first earnings report since its market debut.

Reddit shares jump 14% after revenue pops in first-ever earnings report

Uber

US stocks to open lower Uber tumbles on surprise loss Reddit (NYSE:RDDT) optimism sends shares higher 8.36am: Wall Street set to open lower US stocks are poised to open lower today, looking to break the long winning streak which started in December last year.  All three indexes are looking to open down, with Nasdaq futures implying a drop of 85 points, the Dow Jones looking at a 46-point fall and an 18-point slip for the S&P 500.

Nasdaq and S&P 500 to open lower, Uber tumbles on suprise loss, Reddit rallies on optimistic outlook

Social media platform Reddit soared more than 120% from its IPO price. Following the IPO, is Reddit stock a buy in today's market?

Is Reddit Stock A Buy After Surging On Its Q1 Earnings Report?

Reddit shares soared 14% on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut.

Reddit shares soar as earnings show advertising, AI licensing revenue potential

Reddit, Inc. (NYSE:RDDT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steve Huffman - Co-Founder & Chief Executive Officer Jen Wong - Chief Operating Officer Drew Vollero - Chief Financial Officer Conference Call Participants Ron Josey - Citi Doug Anmuth - JPMorgan Brian Nowak - Morgan Stanley Justin Post - Bank of America Eric Sheridan - Goldman Sachs Benjamin Black - Deutsche Bank Tom Champion - Piper Sandler Richard Greenfield - LightShed Partners Mark Shmulik - Bernstein Andrew Boone - JMP Securities Operator Good afternoon. My name is Julian, and I will be your conference operator today.

Reddit, Inc. (RDDT) Q1 2024 Earnings Call Transcript

After Reddit (RDDT) reported record-high user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March, executives joined the social media company's earnings call to discuss user traffic, the data licensing business, opportunities driven by artificial intelligence (AI), and international growth potential.

4 Key Takeaways From Reddit's First Earnings Call After Going Public

Reddit CEO Steve Huffman discussed his company's first earnings report since its IPO with CNBC's Jim Cramer.

Reddit CEO talks advertising, says consumers and companies are attracted to the platform

Lyft

Wynn Resorts

Reddit's first earnings release was a success, while Rivian and EA see losses in late trading.

Big Afternoon for Earnings: RDDT, WYNN, LYFT & More

Reddit revealed its first quarter earnings today, its first earnings report since the company went public on March 21. Overall, the results were good for the company, surpassing analysts' expectations for its first post-IPO report.

Reddit shares soar nearly 20% on first earnings report, boosting hopes of becoming the next Facebook stock

Reddit (RDDT) shares soared over 13% in extended trading Tuesday after the social media company reported record user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March.

Reddit Stock Soars After Reporting Record User Traffic in First Earnings Report Since IPO

Reddit stock rocketed late Tuesday, after the newly-public social media company reported Q1 results.

Reddit Stock Rockets On Strong Showing From First Post-IPO Earnings

Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading.

Reddit shares soar after company reports strong first-ever earnings with record user traffic

Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence

Reddit's first quarterly earnings since going public: revenue and users increase

Reddit (NYSE:RDDT) shares surged more than 17% afterhours as its first quarterly earnings report as a public company impressed investors. The social media platform posted a 48% year-over-year increase in revenue to $234 million, nearly doubling its growth rate from the previous quarter and ahead of Wall Street estimates of $212 million.

Reddit shines in first quarterly earnings report as public company

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected first-quarter revenue and a narrower-than expected loss.

Reddit shares soar on Q1 revenue beat and narrower-than-expected loss

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

Reddit shares soar almost 20% after company reports revenue pop in first earnings report since IPO

Reddit forecast quarterly revenue above market estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market.

Reddit predicts strong second-quarter revenue, shares soar

Reddit's first earnings report as a public company showed a loss from expenses related to its initial public offering, along with leaps in users and advertising revenue.

Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 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 and investor relations subreddit r/RDDT at https://www.reddit.com/r/RDDT/. “It was a strong start to the year and a milestone quarter for Reddit and our communities as we debuted as a public comp.

Reddit Announces First Quarter 2024 Results

Following a much-anticipated initial public offering (IPO), social media firm Reddit (NYSE: RDDT ) faces another big test: Its first earnings report as a publicly traded enterprise. The company will disclose its financial performance later today following the closing bell.

Should You Buy Reddit (RDDT) Stock Today Before Earnings?

Reddit Inc. reports its first results since its initial public offering this week, with analysts eyeing revenue upside from the social-media platform.

Reddit set to report its first results as a public company. Analysts are eyeing its upside.

Reddit (RDDT) shares edged higher Monday as Bank of America (BAC) analysts raised their price target on the stock, anticipating “opportunity for upside” when the social media company reports first-quarter earnings Tuesday, its first earnings report since its initial public offering (IPO).

Reddit's Price Target Raised by BofA Ahead of Earnings Report Tuesday

Reddit (NYSE:RDDT) will hand down its first financial report as a public company on Tuesday, May 7, with analysts expecting the social media's topline growth to be fuelled by its expanding user base. Wedbush analysts see Reddit (NYSE:RDDT) posting revenue of $212 million, in line with the Street consensus.

News for Reddit Inc Stock (RDDT)