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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.

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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.

Reddit Inc. (RDDT) reachead $77.29 at the closing of the latest trading day, reflecting a -1.6% change compared to its last close.

Why Reddit Inc. (RDDT) Dipped More Than Broader Market Today

Reddit CEO Steve Huffman said the company is working to find its place in the AI "arms race." The platform has become a power player in the race to train AI models.

Reddit CEO says the platform is in an 'arms race' for AI training

Reddit's stock has risen over 25% since my initial "buy" rating, driven by strong advertising and data licensing revenue after it signed a partnership with OpenAI to improve user innovation. Its Q2 FY24 earnings showed 54% YoY revenue growth and a 3300 basis point margin expansion, with DAUq reaching an all-time high of 91.2M. Key growth drivers include international expansion, targeted product investments to deepen user engagement and build advertiser relationships, and data licensing agreements, particularly with OpenAI and Sprinklr.

Reddit Q3 Preview: Licensing The Next Growth Catalyst After Ads

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Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.

Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years

In the most recent trading session, Reddit Inc. (RDDT) closed at $75.17, indicating a +0.4% shift from the previous trading day.

Reddit Inc. (RDDT) Advances While Market Declines: Some Information for Investors

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Reddit Inc. (RDDT): Read This Before Placing a Bet

Jefferies has initiated coverage on Reddit (NYSE:RDDT), citing the platform's impressive user growth, particularly after integrating AI-driven enhancements and improving its platform speed. Analysts initiated coverage with a "Buy" rating and a $90 price target, which implies a 28% upside from the current price.

Reddit's user surge and AI integration set to propel EBITDA growth, says Jefferies in initial coverage

Reddit (RDDT) shares climbed Wednesday after analysts at Jefferies initiated coverage of the social media platform with a "buy" rating, citing its success within Google search results and its artificial intelligence (AI) use cases.

Reddit Stock Rises as Jefferies Calls Stock a 'Buy' on AI Strengths

Jefferies estimates that Reddit's Ebitda will more than double in the next two years to around $450 million.

Reddit stock climbs after Jefferies initiates coverage with a buy rating

Reddit Inc (NYSE:RDDT) is 4.7% higher to trade at $74.09 after Jefferies initiated research coverage on the social media stock with a "buy" rating and a Street-high $90 price target.

Reddit Stock Boosted by Fresh Analyst Coverage

Reddit stock gained in early trading Wednesday after Jefferies initiated coverage of the social media company at buy.

Reddit Stock Gains After Jefferies Initiates With Bullish View On Ad Strength, AI Deals

SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Meltwater, a leading global provider of media, social and consumer intelligence, today announces the expansion of its partnership with Reddit, one of the internet's largest sources of information with 100,000+ active communities and ~91+ million daily active unique visitors. This strategic collaboration will grant Meltwater customers full access to Reddit's extended firehose, enabling them to tap into the vast wealth of public conversations and insights happening on the platform.

Meltwater Expands Partnership with Reddit, Providing Full Access to Extended Firehose

The latest trading day saw Reddit Inc. (RDDT) settling at $70.77, representing a +0.47% change from its previous close.

Reddit Inc. (RDDT) Rises Yet Lags Behind Market: Some Facts Worth Knowing

JP Morgan analyst Doug Anmuth maintained a Neutral rating on Reddit, Inc RDDT with a price target of $77, up from $59.

Reddit Stock Faces Caution from JP Morgan: Strong Fundamentals, But Valuation Concerns Persist

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's third quarter 2024 financial results will be released after market close on Tuesday, October 29, 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.

Reddit to Announce Third Quarter 2024 Results on Tuesday, October 29, 2024

RDDT stock is driven by robust user growth, expanding ad revenues and key partnerships, positioning it for continued success in the digital landscape.

Reddit Surges 33% Year to Date: To Buy or Not to Buy the Stock?

You might use Reddit, but is it also worth a look for your portfolio?

Reddit CEO and Co-Founder Steve Huffman (spez) Talks About What's Driving Growth for the Platform

Reddit Inc. (RDDT) concluded the recent trading session at $67.88, signifying a +1.37% move from its prior day's close.

Reddit Inc. (RDDT) Increases Despite Market Slip: Here's What You Need to Know

Reddit's Q2 2024 revenue surged 54% YoY, driven by a 41% increase in Ad revenue and a 691% rise in Other revenue. The acquisition of Memorable AI enhances ad performance, leveraging Reddit's rich user interaction data to improve click-through rates and ad relevancy. Reddit's DAUq and WAUq grew over 50% YoY, highlighting strong user engagement and the platform's unique community-driven nature.

Reddit: Has Upside As It Grows Its Users And Leverages Its Data

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CEO Steve Huffman on How Reddit Stands Out in the World of Social Media

Social-media platform Reddit is rolling out machine-learning translation to a slew of new countries.

Reddit extends machine-learning translation to 35 new countries, including Brazil and Spain

Reddit is still unprofitable, but it's generating positive free cash flow and has $1.7 billion in cash on hand. Given its fundamentals, Reddit isn't an appropriate pick for value or income-seeking investors.

Is This Recent IPO Stock a Buy Now?

In the latest trading session, Reddit Inc. (RDDT) closed at $64.56, marking a +1.41% move from the previous day.

Here's Why Reddit Inc. (RDDT) Gained But Lagged the Market Today

Reddit's strong cash position and zero debt make it a solid buy at 42x free cash flow. With over 342 million active users and rapid growth, Reddit is just beginning to tap into its full potential. I believe Reddit's ability to sustain a 30% CAGR makes its current valuation a bargain.

Reddit: Primed To Move Higher

Reddit Inc. (RDDT) reachead $59.09 at the closing of the latest trading day, reflecting a -0.91% change compared to its last close.

News for Reddit Inc Stock (RDDT)