RADNOR, Pa., June 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia against Reddit, Inc. (“Reddit”) (NYSE: RDDT) on behalf of those who purchased or otherwise acquired Reddit securities between October 29, 2024, and May 20, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is August 18, 2025.
NEW YORK , June 25, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Reddit, Inc. (NYSE: RDDT) between October 29, 2024 and May 20, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.
Reddit stands out among social media stocks due to its unique, interest-based communities and rapid international expansion powered by AI-driven machine translation. Despite a premium valuation, Reddit's explosive user and revenue growth, high gross margins, and expanding EBITDA margins justify a continued bullish stance. Q1 results crushed expectations: 61% revenue growth, 31% DAU increase, and strong ARPU gains highlight robust monetization and user engagement.
4 Aug 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
5 May 2025 Date | | 0.01 Cons. EPS | 0.13 EPS |
13 Feb 2025 Date | | 0.25 Cons. EPS | 0.36 EPS |
29 Oct 2024 Date | | - Cons. EPS | 0.16 EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
4 Aug 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
5 May 2025 Date | | 0.01 Cons. EPS | 0.13 EPS |
13 Feb 2025 Date | | 0.25 Cons. EPS | 0.36 EPS |
29 Oct 2024 Date | | - Cons. EPS | 0.16 EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
Internet Content & Information Industry | Communication Services Sector | Mr. Steven Ladd Huffman CEO | NYSE Exchange | 75734B100 Cusip |
US Country | 2,233 Employees | - Last Dividend | - Last Split | - IPO Date |
Reddit, Inc. is a prominent online platform known for its unique structure of organizing digital communities around specific interests. Founded in 2005 and based in San Francisco, California, Reddit has grown to be a significant hub for internet users seeking to share experiences, news, and creative content. It enables its users to participate in a myriad of discussions by posting links, images, videos, and comments, fostering a vibrant online community environment. The platform caters to a wide range of topics, allowing users to find or create communities that match their interests, making it a popular destination for those looking to engage in meaningful conversations and exchanges on the internet.
Reddit specializes in the creation and management of diverse digital communities, or "subreddits," each dedicated to a particular interest or topic. This allows users to easily navigate through the platform and engage with content that is most relevant to their preferences.
The platform offers various features for user interaction, including the ability to share links, upload images and videos, and participate in discussions through commenting. These interactive capabilities encourage users to contribute to their communities actively.