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Revenue segments as reported by the company.

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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 is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus, a top company executive told CNBC. Expansion into new markets could help Reddit unlock new advertising revenue internationally.

Reddit targets international users for ad growth, teases bolstered search feature

When it comes to investing in artificial intelligence (AI), there are no other stocks that garner more attention than the "Magnificent Seven." While each of those megacap tech giants presents a unique opportunity in the AI space, smart investors understand that there are other options.

Billionaire Steven Cohen Just Raised Point72's Stake in This Under-the-Radar Artificial Intelligence (AI) Stock by 3,172%

Reddit stock got a pair of price target hikes from analysts on Monday citing its strong ad growth potential. The post Reddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside appeared first on Investor's Business Daily.

Reddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside

Amer Sports Inc

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Investing in companies in their first year of being publicly traded can be an exciting and perilous proposition. It may take time for enough information to come out about a new stock before the market can gather a strong sense of its actual value, leading to volatility.

Discover the 3 Best Performing Stocks That Went Public in 2024

Building a business based on user-generated content has proven to be lucrative.

Should You Buy Reddit Stock Right Now?

Reddit's (RDDT -7.18%) stock price has more than quadrupled since it went public eight months ago at $34 per share. The social media company dazzled investors with its rapid growth in users and revenue, and it turned firmly profitable in its latest quarter.

Will Reddit Be Worth More Than Meta Platforms by 2040?

One of the hottest tech stocks cruising atop the market these days is Reddit (RDDT -7.18%). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.

Will Reddit Be Worth More Than Apple by 2030?

The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.

Is Reddit Stock Still a Buy?

Reddit stock slid in Friday trading after a report that Advance plans to borrow against its stake. The post Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock appeared first on Investor's Business Daily.

Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock

Reddit (RDDT) stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate Tencent Holdings sold shares.

Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake

Reddit Inc (NYSE: RDDT) opened about 8.0% down on Friday after Tencent Holdings unloaded about $88.5 million shares of the forum social network. The weakness may also be related to a report that Advance Magazine Publishers is considering trimming its position on Reddit as well.

Top 3 reasons why I'm buying Reddit stock on recent weakness

Reddit (NYSE: RDDT) has faced considerable volatility since its IPO in March 2024, fueled by its “meme stock” status. However, it has recently surged nearly 240% year-to-date, capturing significant investor attention.

Analyst revises Reddit stock price amid stronger ad metrics and growth outlook

Intuit

U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday's.

Intuit Issues Weak Forecast, Joins Reddit And Other Big Stocks Moving Lower In Friday's Pre-Market Session

The popular message board was unavailable on Wednesday and Thursday morning -- the company mentioned an update bug that could be the culprit.

Reddit Up and Down as Bug Apparently Causes Outages

The company had rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform on Wednesday.

Reddit down for thousands of users day after rolling out fix for software bug

Reddit struggled with a second day of usage problems, with tens of thousands of users reporting a Reddit outage on Thursday morning after the company acknowledged a bug in a recent update caused an outage Wednesday evening.

Users Report Reddit Outage Thursday Morning—Second In 24 Hours

Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after it rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform.

Reddit down for thousands of users, Downdetector shows

This morning, at around 7 a.m. PT, the social media platform Reddit experienced yet another outage after experiencing one yesterday afternoon.

Reddit is down again

Social media platform Reddit experienced an outage this afternoon at around 12:20 p.m. PT (or possibly even earlier), resulting in thousands of users being unable to access its website and app.

Reddit appears to be back after a 4-hour-long outage

Reddit said on Wednesday it has rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform in the U.S.

Reddit deploys fix for outage affecting thousands in US

Tens of thousands of users reported that the website and app were inaccessible starting just before 3 p.m. Eastern on Wednesday.

Reddit Says It Is Working to Resolve Outage

Reddit stock has been a top-performer among recent IPOs, surprising Wall Street with rapid user growth and strong ad sales. The post How Reddit Surprised Wall Street With 185% Post-IPO Surge appeared first on Investor's Business Daily.

How Reddit Surprised Wall Street With 185% Post-IPO Surge

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is It Worth Investing in Reddit Inc. (RDDT) Based on Wall Street's Bullish Views?

Advertisers on Reddit can now access InMarket's LCI to develop deeper understandings of advertising campaigns in the U.S. AUSTIN, Texas , Nov. 12, 2024 /PRNewswire/ -- InMarket, a leader in real-time marketing and measurement, today announced a preferred partnership with Reddit Inc. (NYSE: RDDT). Utilizing InMarket's Lift Conversion Index (LCI), Reddit advertisers in the U.S. can optimize their campaigns inflight and measure the real-world impact of their advertising efforts, like Visit and Sales lift, to maximize campaign effectiveness.

Reddit Partners with InMarket to Measure the Real-World Impact of Advertising Campaigns with Lift Conversion Index (LCI)

Reddit has seen recent success in closing the monetization gap by improving ad load and attracting a more diverse stable of advertisers. Translation and data licensing efforts significantly expand RDDT's revenue growth potential. While the valuation looks 'premium', we see a 25% annualized upside from now through 2026 on the back of higher advertiser ROI, user growth, and RPU.

News for Reddit Inc Stock (RDDT)