Reddit, Inc. Class A Common Stock (RDDT)
NYSE NYSE Primary 
Reddit: Has Upside As It Grows Its Users And Leverages Its Data
Reddit's Q2 2024 revenue surged 54% YoY, driven by a 41% increase in Ad revenue and a 691% rise in Other revenue. The acquisition of Memorable AI enhances ad performance, leveraging Reddit's rich user interaction data to improve click-through rates and ad relevancy. Reddit's DAUq and WAUq grew over 50% YoY, highlighting strong user engagement and the platform's unique community-driven nature.
CEO Steve Huffman on How Reddit Stands Out in the World of Social Media
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Reddit extends machine-learning translation to 35 new countries, including Brazil and Spain
Social-media platform Reddit is rolling out machine-learning translation to a slew of new countries.
Is This Recent IPO Stock a Buy Now?
Reddit is still unprofitable, but it's generating positive free cash flow and has $1.7 billion in cash on hand. Given its fundamentals, Reddit isn't an appropriate pick for value or income-seeking investors.
Here's Why Reddit Inc. (RDDT) Gained But Lagged the Market Today
In the latest trading session, Reddit Inc. (RDDT) closed at $64.56, marking a +1.41% move from the previous day.
Reddit: Primed To Move Higher
Reddit's strong cash position and zero debt make it a solid buy at 42x free cash flow. With over 342 million active users and rapid growth, Reddit is just beginning to tap into its full potential. I believe Reddit's ability to sustain a 30% CAGR makes its current valuation a bargain.
Reddit Inc. (RDDT) Stock Declines While Market Improves: Some Information for Investors
Reddit Inc. (RDDT) reachead $59.09 at the closing of the latest trading day, reflecting a -0.91% change compared to its last close.
Reddit Inc. (RDDT) Stock Sinks As Market Gains: Here's Why
Reddit Inc. (RDDT) reachead $59.63 at the closing of the latest trading day, reflecting a -0.4% change compared to its last close.
Reddit: Surprisingly Good Start
Reddit, Inc. reported 51% DAU growth and 57% WAU growth for Q2, but struggles with monetizing logged-out users, who grew 74% YoY. The company is reporting strong adjusted profits, but insiders have already started unloading shares, with the IPO lock-up expiring after Q2 results. The stock's valuation is high, trading at a 9.0x forward EV/S multiple, making it pricier than peers like Meta Platforms and Pinterest.
Reddit: Explosive User Growth Powered By AI
Reddit's strategic AI partnerships with OpenAI and Sprinklr enhance user engagement and ad revenue, positioning it well in the AI-driven social media landscape. Despite recent stock underperformance, Reddit's strong user growth and data monetization underscore its potential for future gains. Reddit's Q2 earnings report shows record highs in user engagement and revenue, driven by AI-enhanced advertising tools and strategic collaborations.
Reddit: Continued Growth Justifies Additional Upside
Reddit's shares have outperformed the S&P 500, rising 21.1% since its IPO, driven by robust revenue growth and increased Daily Active Uniques. Revenue surged 53.7% year-over-year to $281.2 million, with significant growth in DAUq, particularly from the U.S., boosting monetization and user engagement. Profitability metrics are improving rapidly, with operating cash flow turning positive and EBITDA showing substantial gains, despite a net loss due to stock-based compensation.
Reddit down for thousands of users, Downdetector shows
Social media platform Reddit said on Wednesday it was investigating an outage that has affected thousands of users in the U.S.
