Reddit, Inc. (RDDT)
| Market Cap | 30.96B |
| Revenue (ttm) | 1.30B |
| Net Income (ttm) | -484.28M |
| Shares Out | 180.90M |
| EPS (ttm) | -3.33 |
| PE Ratio | n/a |
| Forward PE | 152.64 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,424,098 |
| Open | 187.67 |
| Previous Close | 175.44 |
| Day's Range | 172.47 - 187.70 |
| 52-Week Range | 37.35 - 230.41 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 172.41 (+0.73%) |
| 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 23 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $172.41, which is an increase of 0.73% from the latest price.
News
Reddit to Present at Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), today announced its participation in two upcoming investor conferences. Jen Wong, Chief Operating Officer, will participate in the Morgan Sta...
A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. "Advertisers feel like consumers are susceptible to advertising and are investing in that," said Gil Lu...
Reddit: Buy The Earnings Pullback (Rating Upgrade)
Reddit shares dropped 15% post-earnings despite strong results, presenting a potential buying opportunity for long-term investors. Q4 2024 saw revenues of $428 million, a 71% increase, crushing street...
Google's Symbiotic Relationship with Reddit
Reddit COO Jen Wong speaks about the benefits of Google's impact on the company as they post fourth quarter earnings that missed analyst estimates. He joins Caroline Hyde and Jackie Davalos on "Bloomb...
Reddit Posts Solid Q4, Analysts Expect AI Language Translations To Grow Daily Active Users
Shares of Reddit Inc RDDT tanked in early trading on Thursday, despite the company reporting upbeat fourth-quarter results.
Reddit stock falls despite strong Q4 earnings report
Reddit (RDDT) shares slip lower Thursday morning after the social media platform beat fourth quarter revenue and earnings estimates, while daily active users fell below expectations (101.7 million vs....
Reddit Tanks After Q4 Earnings: Why I'm Doubling Down
Reddit's Q4 earnings showed strong growth and profitability, but user growth fell short of analyst expectations, leading to a stock sell-off. Despite the dip, Reddit remains a long-term powerhouse wit...
Reddit: A Chance To Load Up On The Dramatic Nosedive
Reddit, Inc. stock nosedived post-Q4 earnings Wednesday, trading as much as 15% lower pre-market on one thing: DAUq missed Wall Street expectations at 101.7M versus 103.1M. We think this was a one-tim...
Yields, Dollar Focus of "Technical Reversal" & CSCO, RDDT, DE Earnings Recap
Green arrows kicked off the trading day after PPI fell in-line with Wednesday's CPI data. Kevin Green points to "technical reversal" signs that can thrust yields off its current path.
Reddit stock faces bigger risks than Google algorithm change in 2025, analyst warns
Reddit Inc (NYSE: RDDT) blames a change in Google's search algorithm for falling short of Street's estimates for user growth in its fiscal fourth quarter. While the company remains confident that its ...
Reddit Stock Falls After User Number Disappoints
Reddit stock is down Thursday after the social media platform fell short of expectations on a key metric for its fourth quarter. Here's what you need to know.
Reddit's Google traffic ‘curveball' is a buying opportunity for investors, analyst says
Reddit said its user-growth numbers were affected by Google search “volatility” triggered by an algorithmic change.
Reddit shares slump 6% on daily active user miss
Reddit shares dropped more than 6% after reporting weak user growth in the fourth quarter. Reddit CEO Steve Huffman said that the company experienced some "volatility" in user growth as a result of a ...
Reddit Stock At $200: Is It Time To Buy Or Sell?
Reddit (NYSE: RDDT) recently announced its Q4 earnings, reporting a profit of $0.36 per share on revenue of $428 million. This exceeded market expectations of $0.25 per share and $405 million in reven...
Reddit Analysts Increase Their Forecasts After Strong Earnings
Reddit Inc RDDT reported better-than-expected fourth-quarter financial results after the market close on Wednesday.
RDDT Falls, CEO Shakes Off Google Search Issue
Shares of Reddit (RDDT) fell sharply following its latest quarterly earnings report. CEO Steve Huffman confirmed that a Google search algorithm change impacted the company's web traffic.
Reddit shares plummet as investors fret over miss in daily active unique visitors
Reddit shares tumbled 13% in premarket trading on Thursday after the social media firm missed expectations for daily active unique visitors, hit by a change in Google's search algorithm.
Reddit, Inc. (RDDT) Q4 2024 Earnings Call Transcript
Reddit, Inc. (NYSE:RDDT) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steven Huffman - Co-Founder & Chief Executive Offic...
Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic
Reddit CEO Steve Huffman said the site saw "volatility" in traffic in Q4 due to Google's algorithm change. The impact shows how some users still rely on an external search engine to get answers from R...
Reddit hints at expanded AI-powered search
Reddit CEO Steve Huffman said that, over this year, Reddit plans to launch an upgraded search experience that'll help users navigate the social network but also answer “subjective, hard, [and] interes...
Reddit shares fall more than 14% on Q4 earnings despite beat
Andrew Boone, Citizens JPM analyst, joins 'Closing Bell Overtime' to talk Reddit earnings.
Reddit Stock Tumbles as User Growth Misses Expectations
Reddit (RDDT) reported fourth-quarter earnings that topped analysts' estimates, but its user growth fell short, sending shares lower in extended trading Wednesday.
Nasdaq 100: AppLovin Soars over 15% After Hours, AI Boom Lifts Cisco, Reddit Misses Key Metric
AppLovin soars 15%, Cisco rises on AI momentum, but Reddit sinks on weak user growth. Nasdaq 100 traders eye Fed policy and tariff risks ahead.
Overlooked Stock: RDDT Slips After Earnings
Shares of Reddit (RDDT) plummeted after 4Q earnings beat expectations. George Tsilis dissects the social media company's report, it's 2nd quarterly profit since going public.
Reddit turns second quarterly profit since IPO as daily active unique users top 100 million for the first time
The San Francisco-based company's shares rose fell in extended trading Wednesday, despite Reddit's better-than-expected fourth-quarter earnings and revenue.