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.
Financial Momentum | Reddit's Q3 2024 results showcase impressive growth, with revenue up 55% YoY to $310 million and positive GAAP net income, signaling strong monetization potential |
User Engagement Surge | Explore Reddit's thriving user base, with 91.2 million Daily Active Users in Q3 2024, a 51% YoY increase, driven by enhanced user experience and content relevance |
Data Licensing Goldmine | Delve into Reddit's lucrative data licensing deals with tech giants, potentially adding $54 million in annual EBITDA and opening doors for further partnerships |
Global Expansion Strategy | Learn about Reddit's international growth acceleration through machine translation initiatives, targeting key markets like France, Spain, and Germany |
Metrics to compare | RDDT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRDDTPeersSector | |
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P/E Ratio | −53.2x | −2.0x | 4.9x | |
PEG Ratio | 0.45 | −0.57 | 0.01 | |
Price/Book | 14.5x | 5.6x | 1.8x | |
Price / LTM Sales | 25.5x | 1.7x | 1.4x | |
Upside (Analyst Target) | −29.3% | 17.9% | 21.7% | |
Fair Value Upside | Unlock | 16.8% | 12.8% | Unlock |