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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.

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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.

Apple

FedEx

Here are some of the major companies whose stocks moved on the week's news.

The Score: Reddit, Apple, FedEx and More Stocks That Defined the Week

Reddit's share price fell in its second day of trading Friday, cooling off—but not fully erasing its gains—after an explosive Thursday in which shares increased nearly 60% following its initial public offering.

Reddit Stock Slides Nearly 9% After Massive Post-IPO Gains

Reddit Inc. Chief Executive Steve Huffman is $894 million richer based on the social-media stock's first couple days of trading action.

Reddit's CEO gets $900 million richer from stock's pop. Here's who else made bank.

Reddit Inc. enjoyed a strong debut as a public company in its closely watched offering Thursday, but don't expect the IPO floodgates to re-open, according to Christian Munafo, Chief Investment Officer of Liberty Street Advisors.

Reddit's debut made a splash, but caution's still the name of the game in the IPO market

Pinterest

Reddit just completed its IPO, adding a new choice for investors who want social media exposure. Pinterest could be a more compelling choice for certain types of investors.

Reddit vs. Pinterest Stock: Which Is Best for Your Portfolio?

Popular investor Cathie Wood's ARK Invest purchased nearly 10,000 shares of the social media platform Reddit in its stock market debut on Thursday. It added 9,982 shares of Reddit to the ARK Next Generation Internet ETF and ARK Fintech Innovation ETF, according to an email from the asset manager seen by media outlets.

Cathie Wood's ARK snaps up Reddit shares

Rising interest rates in 2022 and 2023 subdued what had been a hot market for initial public offerings. But IPO activity has perked up and Reddit Inc. may stoke the fire even more.

Reddit revives a sleepy IPO market

Reddit (NYSE: RDDT ) had a successful initial public offering (IPO) and first day of trading yesterday, with shares finishing up by 48%. The IPO price was $34, the high end of the target range between $31 and $34.

Cathie Wood Bought Reddit (RDDT) Stock on Its First Day of Trading

Reddit (NYSE: RDDT ) stock closed its first day of trade well in the green, soaring 48% on Thursday as investors eagerly jumped onto one of the most anticipated initial public offerings (IPO) of the year. Reddit raised $748 million in its Wall Street debut, earning a valuation of $6.4 billion.

RDDT Stock Alert: Get Ready for a Big Pop After the Reddit IPO

Cathie Wood's Ark Invest bought more than 10,000 shares of Reddit on Thursday for her Ark Invest funds, a stake that is now worth more than $500,000. Reddit went public at $34, closing above $50 on its first day of trading for a market cap of roughly $8 billion.

Cathie Wood Didn't Take Long to Buy Reddit Stock

Reddit's IPO saw shares surge almost 50% despite pricing at the high end of its expected range. The company has seen strong growth in users and revenue, but is currently losing money and burning some cash. Thursday's surge puts the name at a significant price to sales valuation premium to its closest industry peers.

Reddit: Sell The IPO Pop

Reddit shares surged as much as 70% above their offering price on the social media platform's first day of trading on Thursday. The stock debuted on the New York Stock Exchange at $47 per share, above its IPO price of $34.

Reddit shares flying could signal good things to come for the IPO market: analyst

Despite skepticism about the company's valuation, social media Website and app Reddit Inc. debuted on the New York Stock Exchange under the ticker symbol RDDT.

Does Reddit's Successful Public Debut Mean Tech IPOs are Back?

Social media platform Reddit's shares ticked down 2.6% before the bell on Friday, a day after it notched a 48% gain in its debut on the New York Stock Exchange.

Reddit dips day after strong NYSE debut

Reddit stock was falling back early on Friday after a spike on its first day of trading. Meanwhile, more details emerged about Microsoft's arrangements with Inflection AI.

Reddit Stock Falls After Post-IPO Surge, and Other Technology News Today

This week, the U.S. Department of Justice sued Apple, saying the company holds a monopoly over the smartphone market. We break down the lawsuit and ask whether it will be a major turning point in Apple's dominance. Then, Jonathan Haidt, a social psychologist, argues that smartphones and social media are the cause of widespread increases in mental health issues among young people. He tells us his four potential solutions to the problem. And finally, Reddit's market capitalization hit $9.2 billion when it debuted on the New York Stock Exchange this week, but the company still isn't making money. We talk about the challenges Reddit faces as it goes public, and how the site may change as a result.

Justice Dept. Sues Apple, Smartphones and Children with Jonathan Haidt and Reddit's I.P.O.

Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit in the social media platform's strong market debut on Thursday, an email from the asset manager showed.

Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut

Reddit's shares skyrocketed in their debut, closing up 48.4% and valuing the company at over $8 billion. Despite struggling to generate positive cash flows or earnings, Reddit has a hoard of cash at its disposal and could potentially turn cash flow positive in the future. The company plans to generate additional growth through non-advertising activities, such as data licensing and the development of a user economy.

Reddit: A Robust Growth Prospect With Fuel Behind It

Some Redditors had a big day on Thursday after the social messaging company went public on the New York Stock Exchange.

Redditors bank millions of dollars as a group on stock's opening day

Reddit went public Thursday after raising $748 million in its initial IPO. IPOs are normally a day of celebration for companies.

Reddit's co-founder is bickering with investors on the company's big IPO day

OpenAI CEO Sam Altman was a big winner in Reddit's New York Stock Exchange debut on Thursday.

Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE

Reddit stock had a successful initial public offering on Thursday. The stock rose 43% from its $34 per-share listing price and raised $519 million for the company.

Why Reddit Stock Skyrocketed in Its IPO Today

Now that Reddit Inc. is a public company, Chief Executive Steve Huffman is set to make millions — and even more if the stock manages to hold its value.

After Reddit IPO, clock is ticking on CEO's ‘strange' bet on the stock's performance

Company stock price climbed nearly 70% from its IPO, with Condé Nast's parent company standing to make nearly $1.4bn

Reddit shares soar on first day of public trading

As Reddit's stock market value soared to almost $9 billion in its Wall Street debut on Thursday, commenters on the social media website's largest stock trading forums voiced skepticism about the outlook for the money-losing company's shares.

News for Reddit Inc Stock (RDDT)