U.S. DAUs

International DAUs

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% change DAUs

U.S. WAUs

International WAUs

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U.S. ARPU

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Revenue segments as reported by the company.

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International

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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.

Research and development

Sales and marketing

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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.

Revenue

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Minority interest

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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.

Reddit (NYSE: RDDT ) is defying expectations, surging appreciably post-IPO and retaining its momentum even as options traders prep for next week's options launch. IPOs tended to stagnate over the past few years, with pandemic-era SPACs assuming the role of investment bankers in bringing companies public.

3 Hot IPOs to Watch After Reddit's Impressive Stock Market Debut

The Reddit (NYSE: RDDT ) initial public offering (IPO) has been extremely successful so far. Shares of RDDT were priced at $34, the higher end of the targeted $31 to $34 range.

New Street Analysts Just Set a $54 Price Target on Reddit (RDDT) Stock

Reddit Inc (NYSE: RDDT) is a fairly risky investment now that its trading at double the price at which it IPO-ed, as per a New Street Research analyst. Reddit stock could tank to $54 Dan Salmon assumed coverage of $RDDT this morning with a “neutral” rating.

Reddit stock price forecast: New Street sees 20% downside

Reddit Inc.'s stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name.

Reddit stock charges higher, even as it picks up a neutral rating

Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.

Reddit shares surge a day after options launch, set to nearly double IPO price

High-profile investors like OpenAI's Sam Altman and Ark Invest's Cathie Wood own Reddit stock. The company has sold itself as a play on the generative AI boom.

Reddit IPO: Billionaire Investors Are Getting Rich on the New AI Stock. Should You Buy Too?

Reddit is nearly 20 years old and still loses money. Changing that won't be easy.

Reddit's lost money for nearly 20 years. Turning a profit is going to be tricky.

We've also got an interview with John Carrington, CEO of Stem, which is going full speed ahead on the clean energy transformation.

Is Reddit Really Like Pinterest?

As Reddit Inc. shares soared on Monday to end their third day of trading up 30%, the stock is seeing heightened interest and improved sentiment from retail investors in the wake of its initial public offering last week, according to stock-market-focused social-media platform Stocktwits.

How the AI potential of Reddit's user data has helped send its stock soaring

Apple

Super Micro Computer

As one of the top hot AI stocks. Nvidia‘s (NASDAQ: NVDA ) epic rally continues.

Not Just Nvidia: 3 More Hot AI Stocks Set to Sizzle in 2024

Reddit shares were up about 30% to $59.80 at the market's close on Monday.

Reddit shares close 30% up following social media company's IPO

Reddit shares close nearly 30% up following social media company's IPO

Shares in Reddit, which surged last Thursday in their blockbuster IPO, exploded again Monday as bullish investors bought into options on the social media firm. The tech stock went public at $34 and jumped 48% in its first day of trading. On Monday, it shot up again, adding $13.

Reddit Shares Explode Again As Options Gain Traction With Bulls

Reddit, which loses money, is currently worth around $8.15 billion.  The New York Times, which makes money, is worth around $7.2 billion.

Why investors think Reddit is worth $1 billion more than The New York Times

Options on Reddit drew a flurry of bullish bets on Monday as the social media platform's stock rallied as much as 16% after last week's strong market debut.

Reddit options launch draws bulls as shares extend gains

First Trust US Equity Opportunities ETF

Invesco AI and Next Gen Software ETF

Renaissance IPO ETF

Invesco NASDAQ Internet ETF

Global X Social Media ETF

Communication Services Select Sector SPDR Fund

The popular social media platform Reddit (RDDT) celebrated a triumphant entry to the New York Stock Exchange on Thursday, with its shares skyrocketing 48% on debut.

Reddit's Successful IPO Puts These ETFs in Focus

Reddit's stock soared nearly 40% upon its public debut. It's still gaining new users, but its average revenue per user is slipping.

Could Reddit Become the Next Meta Platforms?

Reddit's (NYSE: RDDT ) initial public offering started off with a bang, prompting investor questions about buying after the Reddit IPO. It almost certainly is.

Come and Get It! Why Reddit Stock's Debut Could Be 2024's Most Important IPO.

Following Reddit's initial public offering, investors could see more huge IPOs in 2024. Klarna, the Swedish fintech bank, used artificial intelligence to slash costs last year and is in talks with investment banks about going public.

Could This Artificial Intelligence (AI) Fintech Be 1 of 2024's Largest IPOs?

Tesla

Over the past week, the stock market recorded highs following the Federal Reserve's indication that it will maintain its projection for three interest rate reductions this year, despite stubborn inflation readings.

3 stocks to watch for this week

Reddit went public last week after nearly 20 years of operations. Investors are excited about the company's growth prospects, especially with its content helping train AI models.

Should You Buy Reddit Stock After Its Sizzling IPO?

Cathie Wood – the founder and chief executive of Ark Invest has taken a sizable position in the recently listed Reddit Inc (NYSE: RDDT).

Cathie Wood parks over $500 million in Reddit stock

Astera Labs Inc

Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.

Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull

Social media giant Reddit (NYSE: RDDT) made a notable debut on Wall Street, surging to highs of $57 before concluding nearly 48% higher on March 21, the day it went public.

Can Reddit stock reach $100 in 2024?

Auna SA

Black Hawk Acquisition Corp

Boundless Bio Inc

Intelligent Group Ltd

Mobile-Health Network Solutions

Four IPOs (Astera Labs, Reddit, Auna & Intelligent Group) priced this past week, joined by one SPAC (Black Hawk Acquisition). Two sizable issuers submitted initial filings - Centuri Holdings and Ibotta.

News for Reddit Inc Stock (RDDT)