U.S. DAUs

International DAUs

Global DAUs

% change DAUs

U.S. WAUs

International WAUs

Global WAUs

% change WAUs

U.S. ARPU

International ARPU

Global ARPU

Revenue segments as reported by the company.

U.S.

International

Total Revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Sales and marketing

General and administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Starbucks

Dollar Tree

YUM! Brands

Zscaler

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

On Tuesday, Loop Capital analysts downgraded Reddit Inc (NYSE: RDDT) from Buy to Hold, triggering a more than 3% drop in pre-market trading. The downgrade was driven by concerns over Reddit's valuation, despite Loop Capital maintaining a price target of $75.

Loop Capital downgrades Reddit stock to Hold amid valuation concerns: Is it time to cash out?

Crossfirst Bankshares Inc

Owens & Minor

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 40 points on Tuesday.

CrossFirst Bankshares Posts Q2 Earnings, Joins Owens & Minor, Reddit And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Reddit, Inc. NYSE: RDDT has been on an impressive run, recently achieving a new all-time high and up almost 40% YTD. The question now is whether this momentum and sector outperformance can continue after the stock pulled back nearly 10% from its recent highs and has a growing short interest.

Social Platform Stock Hits New Highs: Is More Growth Ahead?

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of t.

Reddit to Announce Second Quarter 2024 Results on Tuesday, August 6, 2024

Tencent Holdings Limited

If you're looking for relative value in tech after the meteoric rise of the Nasdaq 100 and the Magnificent Seven in the first half, perhaps the social media scene is worth checking out this July. Undoubtedly, the artificial intelligence revolution will change many industries in profound ways that are difficult for some to fathom.

The 3 Best Social Media Stocks to Buy in July 2024

Investors and analysts are trying to figure out what Reddit's value is, which can lead to ups and downs. Investors can be calm in spite of volatility if they know the right things to focus on.

Here's Why Reddit Stock Went Up 18% Last Month

Up 45% since its initial public offering in March of this year, Reddit (NYSE: RDDT ) has emerged as one of the best technology stocks that investors can buy. Reddit stock has come out of the as gate strong as just about any company that's held an IPO in the last four years.

45% Post-IPO Surge: Why Reddit Stock Might Be Your Best Tech Bet of 2024

Buyers dictated the action again in the stock market Tuesday as the Nasdaq composite and S&P 500 marked all-time closing highs.

Nasdaq Leads Another Stock Market Gain, Closes Above 18,000; Reddit Surges Out Of Base

CrowdStrike

Robinhood

Technology stocks remain hot with plenty of great options to choose right now. Cybersecurity, cryptocurrencies, social media and anything related to artificial intelligence (AI) have the attention of investors and analysts.

The 3 Smartest Tech Stocks to Buy With $5,000 Right Now

Social media platform Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the rule to gather content for their systems.

Reddit to update web standard to block automated website scraping

Reddit NYSE: RDDT stock can rocket higher, and the rubberband strategy is one way to capture the gains. The rubberband strategy uses moving averages to target deeply oversold stocks that are ready to rebound, and if there are other factors in play, the rebound could be significant.

Reddit Stock and the Rubberband Effect: A Case for Lower Prices

Social media site Reddit (NASDAQ: RDDT ) has one glaring problem that holds it back from getting ahead. Most of its users don't log into the platform but simply skim the comments.

Reddit Stock's Risky Bet: Will Flooding Comments With Ads Save or Sink RDDT?

In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $56.48, denoting a -1.43% change from the preceding trading day.

Reddit Inc. (RDDT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Social media forum Reddit Inc. NYSE: RDDT made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into shares of GameStop Co. NYSE: GME, fueling its historic short squeeze. The company went public through an IPO on March 21, 2024, rising to a $74.90 peak the following day and falling to a low of $37.35 just a few days later.

Reddit: Poised for Growth with Data Licensing and OpenAI Deal

Boeing

Cava Group, Inc.

Casella Waste Systems

Roblox

Snowflake

While it's unclear whether the current bull market has more runway, or is veering towards a correction, you may want to take action now and jettison overvalued stocks to sell from your portfolio. In fact, irrespective of whether the broad market surges, sinks or trades sideways from here over the next few months, individual overvalued stocks can still be at risk of experiencing severe price declines.

Maximize Gains: Sell These 7 Overvalued Stocks Before They Slide

C3.ai

Carvana

The technology sector is driving the stock market higher in 2024. Stocks like Nvidia (NASDAQ: NVDA ) and Microstrategy (NASDAQ: MSTR ) are helping the sector to outpace the gains of the market as a whole by better than two-to-one.

3 Tech Stocks to Sell in June Before They Crash & Burn

AMC Entertainment

GameStop

Meme stock madness has returned to Wall Street after a three-year hiatus, with Roaring Kitty (a.k.a. Keith Gill) drawing in massive crowds online with his big bets on GameStop (NYSE: GME ) stock.

The Return of Meme Stock Madness: Should You Steer Clear of GME, AMC and RDDT?

Reddit's traffic is up 39% year over year this month, according to Similarweb. That's a huge increase for a platform that's been around for almost 20 years.

Reddit's traffic is way, way up. Like, banoodles up.

Apple

Super Micro Computer

An unfortunate aspect of the stock market is that certain companies can rapidly gain value as a result of bullish echo chambers. This can lead to a level of hype that sometimes obscures the real value or financial situation of a company.

Bubble Trouble: 3 Stocks Ready to Burst Under the Weight of Their Own Hype

In a recent discussion on Reddit, users are debating the necessity of adjusting market cap definitions to account for inflation.

As Small Caps Lag 20% Behind S&P 500, Reddit User Says Market Cap Definitions 'Should Really Be Readjusted For Inflation'

Snap

The U.S. Surgeon General, Dr. Vivek Murthy, is set to push for a warning label on social-media platforms advising parents that using the platforms might damage adolescents' mental health.

Meta, Reddit, Snap Others in Focus as Surgeon General Calls for Social Media Warnings

Reddit has achieved a sharp acceleration in both revenue growth, DAUs, and traffic. The company has achieved this through both speed improvements on its platform, plus translations into international languages. The company is also massively improving its adjusted EBITDA margins.

Reddit: Traffic Surge Justifies This Rally

Reddit reported strong Q1 FY24 earnings with revenue growing 48% YoY, led by advertising revenue and data licensing agreements. The company saw 37% growth YoY in Daily Active Uniques as it continued to drive robust product innovation to improve search and moderation capabilities, thus deepening user engagement. The partnership with OpenAI will not only accelerate data licensing revenue, but may also drive higher ad spend from improved user engagement.

Reddit: OpenAI Partnership Will Spearhead Revenue Growth

Reddit (NYSE: RDDT ) stock is in the red today despite a promising new deal for advertisers on the popular web forum. Indeed, Reddit has partnered with Integral Ad Science (NASDAQ: IAS ), a global media and optimization company, to give advertisers on the platform increased ability to grow their campaigns via IAS's artificial intelligence (AI) powered Total Media Quality (TMQ) product line.

News for Reddit Inc Stock (RDDT)