Reading the tape
NYSE: RDDT
Reddit, Inc.
Communication Services · Internet Content & Information
Market Cap
$31.88B
52w High
$282.95
52w Low
$94.89
P/E
45.06
Volume
13.15M
Outstanding Shares
191.51M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
1Y Price: 40.15%Revenue (TTM): 70.64%FCF (TTM): 177.37%P/S: 56th pct
What changed
The stock rose 40.15% over the last year. Revenue grew 70.64% over the trailing twelve months. Operating margin moved from 2.25% to 25.11%. Free cash flow grew 177.37% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 56th percentile of their historical P/S range.
What would invalidate this read
Operating margin is at 25.11%. Revenue grew 70.64% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Reddit, Inc. operates a website that organizes digital communities.
CEOSteven Ladd Huffman
SectorCommunication Services
IndustryInternet Content & Information
Employees2,233
IPO dateMar 21, 2024
Valuation
Forward P/E—
EV/EBITDA91.53
Enterprise value$41.91B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth69.08%
Gross margin91.37%▲0.76%vs FY2024
Operating margin25.11%▲146.54%vs FY2024
ROE18.09%▲179.57%vs FY2024
Analyst consensus
RatingBuy
Target price$228.11▲37.02%
18
Buy
10
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $0.93 · Revenue est $725.67M
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