Reddit, Inc. (RDDT)
| Market Cap | 20.52B |
| Revenue (ttm) | 1.45B |
| Net Income (ttm) | 116.95M |
| Shares Out | 184.52M |
| EPS (ttm) | 0.66 |
| PE Ratio | 169.49 |
| Forward PE | 77.35 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,026,811 |
| Open | 114.15 |
| Previous Close | 108.46 |
| Day's Range | 109.60 - 114.54 |
| 52-Week Range | 48.25 - 230.41 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 147.00 (+32.18%) |
| Earnings Date | May 1, 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 26 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $147.0, which is an increase of 32.18% from the latest price.
News
Trade Tracker: Josh Brown sells Reddit
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's getting out of Reddit.
Reddit's Post-Earnings Dip Is A Rare Buying Opportunity
Reddit's Q1 FY25 earnings beat expectations, but a post-earnings dip due to search algorithm changes presents a buying opportunity. Impressive 61% YoY revenue growth, GAAP profitability, and strong in...
Reddit Rallies On Ad Surge, Global Growth: Analyst Upgrades To Buy
After a blowout first-quarter report and surging ad revenue growth, one analyst upgraded Reddit RDDT, citing strong international momentum, rising logged-in users, and a high-intent commercial audienc...
Reddit's stock upgraded as analyst says Google Search fears are overblown
Seaport Research Partners expects Reddit to still see long-term user growth despite the “near-term headwind” of Google search changes.
Reddit Q1: An Excellent Time To Load Up The Truck (Rating Upgrade)
Reddit, Inc.'s Q1 2025 earnings showcased a 61% YoY revenue growth alongside expanding DAUs and margins, beating analyst expectations. Better-than-expected results led to upward revisions in revenue a...
Reddit CEO Steve Huffman says the company used to be so idealistic that people were 'not working very hard'
Reddit's CEO said he had to remind employees to work hard when he returned in 2015. There's a tendency in US tech to place idealism above hard work, he said.
Reddit's Ad Strategy Is Clicking, Say Analysts—Strong Q1 Sets Stage For Profitable Growth in 2025
Reddit, Inc. RDDT shares are trading higher on Friday.
Reddit is attracting ad dollars: will RDDT shares rally further in 2025?
Reddit Inc. (NASDAQ: RDDT) is strongly positioned to extend its gains further over the next few weeks, according to JPMorgan senior analyst Doug Anmuth. Reddit shares have already rallied some 40% sin...
Reddit Sees Surge in Revenue, Expands Access Globally
Reddit Inc. shares jumped after it said revenue in the current quarter will be better than estimates, a sign that a broader dip in the economy hasn't yet dented the digital advertising industry. The w...
XYZ Sinks 20%, RDDT Sells on Strong Earnings, TTWO Down on GTA VI Delay
Diane King Hall turns to interesting market movers kicking off Friday's trading session. The biggest downside was seen in Block (XYZ), shedding more than 20% after a double miss and shaky guidance due...
Cramer's Stop Trading: Reddit
Jim Cramer breaks down why he's keeping an eye on shares of Reddit.
Reddit, Inc. (RDDT) Q1 2025 Earnings Call Transcript
Reddit, Inc. (NYSE:RDDT) Q1 2025 Earnings Conference Call May 1, 2025 5:00 PM ET Company Participants Jesse Rose - Head, IR Steven Huffman - Co-Founder and CEO Jennifer Wong - COO Andrew Vollero - CF...
Reddit's stock jumps as much as 19% after first quarter earnings report
Reddit's stock surged as much as 19% post-Q1 earnings report, showing strong revenue growth. The company reported a 61% year-over-year revenue increase, marking consistent growth.
Breaking down Reddit's latest earnings results
Reddit (RDDT) stock is jumping after the company posted first quarter revenue of $392.4 million, higher than the $369.3 million expected, and EBITDA of $115 million, also topping estimates. Rohit Kulk...
Amazon, Airbnb, Reddit report earnings, stocks close higher
Market Domination Overtime host Julie Hyman breaks down the market action on May 1, 2025. US stocks close the day in the green, as Microsoft and Meta earnings reassure investors that the Big Tech narr...
Reddit Stock Jumps On Revenue Growth, Upbeat Sales Outlook
Reddit stock is flying in late trading after the company known for rollicking forums and "upvotes" offered some reasons for optimism about the advertising market.
Reddit Swings to Profit on Higher Revenue, Growth in Daily Active Users
For the second quarter, Reddit expects revenue of $410 million to $430 million, above analyst expectations for $391.8 million.
This is why Reddit's stock is soaring after earnings
Reddit Inc. shares skyrocketed 18% in extended trading after the social-media platform's first-quarter daily active users, revenue and profit topped Wall Street's expectations.
Reddit shares rocket 16% on strong sales and guidance
Reddit reported first-quarter earnings that beat Wall Street expectations on sales and guidance. The company said that second-quarter sales should come in the range of $410 million to $430 million, ah...
Reddit forecasts revenue above estimates as digital ad spend grows, shares surge
Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital ad spend on the social media platform despite uncertainty over marketing budgets resulting fr...
Reddit Announces First Quarter 2025 Results
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2025. Reddit's complete financial results and management commentary can be f...
RDDT Ads Opportunity in Earnings, how it Differs from SNAP
Advertising revenue will be key in Reddit's (RDDT) earnings, says @LikeFolio 's Megan Brantley. She says Reddit web visits have grown 80% year-over-year while Snapchat slipped 30% over the same period...
Meta Isn't the Only Social Stock Reporting This Week. What To Expect From Reddit and Snap
Meta (META) isn't the only social media company reporting earnings this week.
Digital Ad Spend Key for AMZN & RDDT
Tom White steps into the Daily Trader studio to discuss two of next week's earnings names to keep on the radar: Amazon (AMZN) and Reddit (RDDT). Both names have historically pointed to digital adverti...
Jim Cramer: OneMain Is 'Too Risky,' Recommends Buying Reddit
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Reddit, Inc. RDDT, calling it a “very good” stock.