Reddit, Inc. (RDDT)
| Market Cap | 22.75B |
| Revenue (ttm) | 1.30B |
| Net Income (ttm) | -484.28M |
| Shares Out | 180.90M |
| EPS (ttm) | -3.33 |
| PE Ratio | n/a |
| Forward PE | 109.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,292,564 |
| Open | 124.00 |
| Previous Close | 124.94 |
| Day's Range | 120.02 - 127.05 |
| 52-Week Range | 37.35 - 230.41 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 164.26 (+30.64%) |
| Earnings Date | Feb 12, 2025 |
About RDDT
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in ... [Read more]
Financial Performance
In 2024, Reddit's revenue was $1.30 billion, an increase of 61.71% compared to the previous year's $804.03 million. Losses were -$484.28 million, 433.2% more than in 2023.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $164.26, which is an increase of 30.64% from the latest price.
News
Reddit Becomes a Lifeline for Federal Workers Scared of Losing Their Jobs
The online forum's pseudonymity lets them vent, share information and find solace. Unpaid moderators, like David Carson, are working overtime to keep up.
RDDT Challenges META Advertising, A.I. & Instagram "Stars" of Platform
Meta Platforms (META) has stalled in its massive run higher over the last three years. @LikeFolio's Landon Swan attributes the stock stumble to its advertising space getting challenged by competitors ...
Reddit's stock has soared 170% since the IPO. Here's why the honeymoon may now be over.
Reddit's growth is vulnerable to the whims of search giant Google, according to Redburn Atlantic, which has slapped a sell rating on the stock.
Google expands Reddit partnership
Alphabet's Google on Monday expanded its partnership with Reddit amid concerns that the social media platform's user growth relies heavily on traffic from Google Search.
Reddit: A Debt-Free Growth Machine In 2025
I'm excited about Reddit's potential because it's growing revenue at 40% y/y while maintaining a debt-free balance sheet. At 35x forward free cash flow, Reddit looks like a bargain considering its pro...
NFLX Gets New Bull, RDDT Gets New Bear & NCLH Upgrade
It's a mixed picture on the tech front for analysts this morning. Netflix (NFLX) got an upgrade from MoffettNathanson off its monetization prospects while Reddit (RDDT) gets a sell rating from Redburn...
Reddit: I Expect Shares To Rebound Aggressively
Reddit shares are down 40%, presenting a fantastic buying opportunity for long-term value investors due to its high-quality business characteristics. Reddit boasts explosive growth, immense brand equi...
Why I'm Eyeing The 46% Discount - Initiating Reddit With A Buy
Reddit stock is down over 41% over the past month, and I think the stock is attractive at current levels. I'm optimistic about the company's international expansion and focus on making the product bet...
RDDT stock continues recovery on Wednesday: is there more upside ahead?
After a massive surge on Tuesday, Reddit stock continued its upward momentum in the early hours of trading on Wednesday. The RDDT stock surged up over 11% to hit an intraday high of $136.47.
Reddit rallies after three-day slump as analyst calls selloff 'excessive'
Reddit shares rose more than 10% on Tuesday, reversing a three-day slump that coincided with a broader decline among technology companies. The company's stock market upswing was likely bolstered by a ...
Reddit stock price has imploded: is it safe to buy the dip?
Reddit stock price has crashed in the past few months. RDDT shares have crashed from the all-time high of $230 in February to a low of $107.30, its lowest level since October last year.
Reddit's ad revenue is growing faster than other social media platforms
Reddit's ad revenue is growing faster than any other social media platform, according to EMARKETER. A new report says Reddit's user base is expanding due to its unique "social" feel.
Reddit unveils new content moderation and analytics tools to boost user engagement
Reddit on Thursday launched new tools aimed at helping people adhere to community rules and better understand content performance, in a bid to revive user growth after a recent slowdown.
Digg founder teams up with former Reddit rival to buy and revive website
Content aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian. Ohanian and Digg founder Kevin Rose acquired the platform for an undisclo...
Digg to make comeback as co-founder Rose, Reddit's Ohanian bet on AI-driven revival
Digg founder Kevin Rose has teamed up with former rival Alexis Ohanian to buy the once-popular content aggregator as they bet on an artificial intelligence-powered revival of the platform that once dr...
Exclusive: Reddit co-founder Alexis Ohanian joins Frank McCourt's bid for TikTok
Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in ...
UK launches investigation into TikTok, Reddit over children's personal data practices
Britain's privacy watchdog, the Information Commissioner's Office, on Monday launched an investigation into how TikTok, Reddit and online image sharing website Imgur safeguard children's privacy.
TikTok and Reddit investigated over use of children's data
TikTok, Reddit and Imgur are to be investigated by the UK's data protection watchdog over how they use teenage users' personal information.
UK watchdog to investigate TikTok and Reddit over use of children's data
Information Commissioner's Office says it aims to learn about wider market by looking into two sites plus Imgur
Reddit co-founder says Meta's end to third-party fact-checking is ‘very pragmatic'
Meta announced in January that it would end third-party fact-checking on its platforms, a program often criticized by Trump and conservatives for what they say unfairly targeted right-wing content. In...
Reddit Stock Plunges 26% From Highs, Yet Call Options Have Surged 575%: Is A Rebound Brewing?
Reddit Inc RDDT stock has been in free fall, shedding 26% since hitting a 52-week high of $230.41 on Feb. 10. The sell-off, sparked by a post-earnings user growth miss and CEO Steve Huffman‘s hefty $7...
Reddit Co-founder Alexis Ohanian is going long on women's sports
Alexis Ohanian, Reddit co-founder and Seven Seven Six founder, tells CNBC's Emma Graham at the Web Summit in Qatar that he is going long on women's sports.
Reddit COO Jen Wong: Followership 'most important part' of being an effective leader
Reddit COO Jen Wong talks leadership, success, and Reddit's IPO as the latest member of CNBC's Changemakers 2025 list.
'Impossible to do fact-checking at scale,' Reddit co-founder says
Alexis Ohanian, Reddit co-founder, discusses Meta's move to ban third-party fact-checking on its platforms, at the Web Summit in Doha, Qatar.
Reddit Extends Its Slide. Why an Analyst Still Says It's a Buy.
Piper Sandler still sees more upside for the social media platform.