Added to YB: 2026-04-16
Pitch date: 2026-04-14
RDDT [neutral]
Reddit, Inc.
+1.08%
current return
Author Info
No bio for this author
Company Info
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging.
Market Cap
$29.5B
Pitch Price
$156.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
57.68
P/E
58.96
EV/Sales
12.29
Sector
Interactive Media and Services
Category
growth
Reddit Stock Breakdown: The Next Meta or Snapchat?
RDDT (overview): $2.2B rev (+70% YoY), 470M WAUs, 121M DAUs. Ad rev $2.05B (+74%), data licensing $140M (+22%). ARPU $6 vs Meta $16.60, Snap $3.60. 70% gross margin, 20% op margin (better than Snap/Pinterest despite lower rev). Reddit Max AI targeting showing 17% CPA reduction, 27% conversion lift. 81% rev from US, 60% users logged out limiting targeting. Challenges: anonymous users, text-centric, anti-ad culture, needs to prove direct response like Meta. At $150/share, $27B EV, 80x earnings. Bull: 12-17% IRR if hits $6B rev w/ 40% margins. Bear: growth slows like Snap/Pinterest, 7-12% IRR or worse if ad improvements fail.
Read full article (12 min)