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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.

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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.

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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.

Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.

Reddit reveals FTC inquiry into deals licensing its users' data for AI training

Reddit's heavy dependence on advertising revenue, history of unprofitability, and mismanagement make it a risky investment. The platform's strength lies in its community-powered recommendations, but advertising erodes its authenticity and utility. Reddit is looking to IPO at a valuation that would place it on the upper-end of Price/Sales ratios for social networks.

Reddit: Unproven And Overvalued

Today the most valuable consumer companies monetize attention. And Reddit commands more attention in the U.S. than any company not owned by Alphabet. The low valuation reflects Reddit's modest revenue growth of 20%, the product of an inferior ad stack and business model.

Reddit: IPO Icebreaker

The social network said it is in the early stages of its data-licensing efforts.

Reddit Says FTC Looking Into Licensing of User Content to Third Parties for AI Models

Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company's sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models.

Reddit receives FTC inquiry on AI-related deals ahead of IPO

Reddit said in an updated IPO prospectus on Friday that it's being investigated by the Federal Trade Commission for its data-licensing practices.

FTC investigating Reddit over AI data-licensing practices ahead of IPO

As Reddit makes the final preparations for its initial public offering, the social-media platform has plenty of ways to drive revenue and push toward profitability, according to Ido Caspi, a research analyst at Global X ETFs.

Reddit could use this strategy to ‘monetize aggressively' following its IPO

Reddit's upcoming IPO will be closely watched by a number of companies eyeing public offerings, according to Greg Martin, co-founder of private securities broker-dealer Rainmaker Securities.

Reddit's IPO could open door ‘a little bit more' for other public offerings in 2024

Reddit's looming initial public offering will be far from straightforward, according to Alan Vaksman, founding partner of venture fund Launchbay Capital.

Why Reddit faces a difficult IPO

The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn't been easy to reach this point.

Reddit's Long, Rocky Road to an Initial Public Offering

Easily one of the hottest topics on Wall Street right now — besides artificial intelligence (AI) and cryptocurrencies — is the initial public offering of Reddit. A social news aggregator and online community network, Reddit (which will take the ticker “RDDT”) will likely attract eyeballs as a gauge for the health of the bull market.

RDDT Stock IPO: 7 Things to Know Before the Reddit IPO

Reddit, soon to be traded on the New York Stock Exchange under the ticker symbol "RDDT," is widely known as the self-proclaimed "front page of the internet." The company is preparing for an initial public offering (IPO) that has generated excitement and apprehension among investors on Wall Street, internet enthusiasts, and tech-savvy individuals worldwide.

Reddit IPO: Analyzing Upvotes, Downvotes, and Financial Potential

The niche social network can be valuable to advertisers, but spending needs to come down.

Reddit Needs to Be OK Being Reddit

Reddit plans to raise some $500 million with its initial public offering of shares, using the money to improve the platform and its money-making power, according to a regulatory filing on Monday.

Reddit aims to raise $500 mn in stock market debut

Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering. The number is below the $10 billion level achieved by the company during a 2021 fundraising round, with the disparity reflecting increased expectations for tech company profitability.

Reddit Aims For Valuation Up To $6.4B In IPO, Pricing Shares At $31 To $34

Reddit plans to go public later this month at a targeted share price of $31 to $34. Sam Altman, the CEO of OpenAI, has a sizable stake in the company.

How much Sam Altman stands to gain from a Reddit IPO

A new filing for the Reddit IPO reveals the company is seeking a valuation north of $6 billion for its debut on the NYSE.

Reddit IPO: Social Media Company Seeking Valuation Above $6 Billion

If investors agree to pay its high-end range, Reddit's valuation should hit around $5.4 billion.

Reddit's planned IPO share price seems high, unless you look at its AI revenue

Plenty of interest is beginning to build around Reddit's upcoming initial public offering (IPO). The social media platform has officially put forward its corporate filing for its IPO, leading to outsized interest in what will soon be RDDT stock.

Want to Buy into the RDDT Stock IPO? Here's How the Reddit Directed Share Program Works.

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Advanced Micro Devices

Super Micro Computer

In 2021, meme stocks, led by GameStop (NYSE: GME ), created seismic shifts in the investment landscape. The retail trading frenzy turned a market underdog into a sensation through the power of Reddit's online communities.

Meme Stocks Madness: 3 Stocks Fueling the Reddit Crowd

Social media platform Reddit is targeting a $6.5 billion valuation in its highly anticipated initial public offering (IPO), the company reported Monday.

Reddit aiming for $6.5B valuation in long-awaited IPO

Company plans to raise up to $748m from sale of 22m shares, some of which have been set aside for users

Reddit aiming for $6.5bn valuation from New York flotation

Wall Street is astir over the upcoming Reddit initial public offering (IPO) in which the company will debut its already-selected “RDDT” ticker. So, what do you need to know about the RDDT stock launch?

RDDT Stock IPO: When Does Reddit Go Public? What Is the Reddit IPO Price Range?

Reddit is targeting a $6.4 billion valuation for its IPO this year. The company is planning to sell 22 million shares, with a pricing range of $31 to $34.

Reddit's long-awaited IPO is targeting a $6.4 billion valuation

Reddit's IPO should be interesting to watch — and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and moderators into its public markets debut.

News for Reddit Inc Stock (RDDT)