Reddit, Inc. (RDDT)
| Market Cap | 8.54B |
| Revenue (ttm) | 883.25M |
| Net Income (ttm) | -605.02M |
| Shares Out | 159.45M |
| EPS (ttm) | -3.79 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,414,855 |
| Open | 50.64 |
| Previous Close | 50.11 |
| Day's Range | 50.38 - 54.75 |
| 52-Week Range | 37.35 - 74.90 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 54.87 (+2.5%) |
| Earnings Date | May 7, 2024 |
About RDDT
Reddit, Inc. operates a website that organizes digital communities. It 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 San Francisco, California. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $54.87, which is an increase of 2.50% from the latest price.
News
Reddit Unveils New Policy to Protect More User Data
Reddit Inc. has released new policies governing data posted on its social network, including a ban on sending advertisements to users without consent. Co-founder and CEO Steve Huffman explains at the ...
Reddit CEO on first earnings report: A lot of things are 'starting to click'
Reddit (RDDT) beat first-quarter estimates on the top and bottom line in the social media platform's first earnings report since going public in March. Reddit CEO Steve Huffman joins Yahoo Finance Exe...
Reddit to Participate in Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences. Jen Wong, Reddit's COO, will participate in Needham's 19th Annual Needham Te...
Stock Market Today: Dow Brings Daily Win Streak to Six
The 30-stock index is on its longest winning streak of the year.
Tech Stocks on the Move Today: Uber Technologies, Reddit, and More
The S&P 500 Information Technology Sector Index wavered between gains and losses in intraday trading Wednesday, up just 0.1% as of 2 p.m. ET. The broader S&P 500 was 0.1% lower and the tech-heavy Nasd...
Reddit has a platter of monetization opportunities, analyst says
Reddit (RDDT) posted its first quarter results since its IPO, revealing a 39% surge year-over-year in advertising revenue. In addition, Reddit's second quarter revenue guidance surpassed analysts' est...
Reddit stock surges after ad revenue jumps 39% year over year
Shares of Reddit (RDDT) are soaring on Wednesday, driven by the company's first earnings report since its public debut. The social media platform saw a 39% surge year-over-year in advertising revenue.
Reddit (RDDT) Rallies After First Earnings Since IPO
Reddit (RDDT) rallies after its first earnings report since its IPO. Caroline Woods discusses this as Reddit's 1Q adjusted EPS came in at -$8.19 versus an estimated -$8.71 and revenue came in at $242....
Reddit CEO Huffman on User Strategy, AI and Expansion
Reddit CEO Steve Huffman discusses the social media company's user-to-user strategy, AI opportunities and expansion plans on "Bloomberg Technology." Reddit's revenue increased 48% to $243 million in t...
Reddit Got a Google Boost. More AI Deals Could Lift the Stock.
The platform saw a big rise in traffic from the Google search engine in the March quarter.
Reddit Stock Rises After First Post-IPO Earnings Report
Reddit stock is higher after the company's impressive Q1 results and strong Q2 outlook. Here's what you need to know.
Reddit's first post-IPO results are ‘mission accomplished,' with international and data-licensing opportunities ahead
Reddit Inc.'s first quarterly results as a public company sent the company's stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and n...
Reddit stock up 10% on Q1 earnings: is it too late to buy?
Reddit Inc (NYSE: RDDT) is already up close to 40% versus its year-to-date low but analysts at Citi are convinced that it's not out of juice just yet.
Reddit shares jump 14% after revenue pops in first-ever earnings report
Reddit shares soared as much as 14% on Wednesday after the social media firm posted unexpectedly strong revenue growth and improving profitability in the first earnings report since its market debut.
Morning Minute: Wednesday, May 8
Earnings season rolls along as UBER, RDDT and SHOP share their latest quarterly reports.
Reddit shares soar as earnings show advertising, AI licensing revenue potential
Reddit shares soared 14% on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut.
Reddit stock surges, analyst says Q1 earnings are 'very impressive'
Reddit (RDDT) released its first quarter earnings report following its March IPO, revealing that revenue increased 48% to $243 million. The company also issued second quarter guidance that topped anal...
Our users are finding their home on Reddit, says Reddit CEO Steve Huffman
Reddit Co-Founder and CEO Steve Huffman joins 'Mad Money' host Jim Cramer to talk its first quarter results after going public, user trends on the platform, what's ahead for the website and more.
4 Key Takeaways From Reddit's First Earnings Call After Going Public
After Reddit (RDDT) reported record-high user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March, executives joined the social media com...
Reddit CEO talks advertising, says consumers and companies are attracted to the platform
Reddit CEO Steve Huffman discussed his company's first earnings report since its IPO with CNBC's Jim Cramer.
Reddit shares soar nearly 20% on first earnings report, boosting hopes of becoming the next Facebook stock
Reddit revealed its first quarter earnings today, its first earnings report since the company went public on March 21. Overall, the results were good for the company, surpassing analysts' expectations...
Reddit stock soars on Q2 forecast
Shares of Reddit (RDDT) jumped in after-hours trading. The social media company reported first quarter revenue of $243 million versus estimates of $211.9 million.
Reddit Stock Soars After Reporting Record User Traffic in First Earnings Report Since IPO
Reddit (RDDT) shares soared over 13% in extended trading Tuesday after the social media company reported record user traffic and rising revenue in its first quarterly earnings report since its initial...
Reddit shares soar after company reports strong first-ever earnings with record user traffic
Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading.
Reddit shares climb on revenue beat in first quarterly report since IPO
Rohit Kulkarni, Roth MKM managing director, joins 'Closing Bell Overtime' to talk Reddit's first quarterly report, what's ahead for the social media company, user growth in the quarter and more.