Added to YB: 2026-05-07
Pitch date: 2026-05-04
RDDT [neutral]
Reddit, Inc.
-2.6%
current return
Author Info
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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
$33.0B
Pitch Price
$171.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
46.70
P/E
49.10
EV/Sales
12.25
Sector
Interactive Media and Services
Category
growth
Reddit Q1 2026 Earnings Update
RDDT (earnings): Q1 rev +69% YoY, ad rev +74%, beat by 4%. EBIT margin 28% vs 1% YoY. Q2 guide 44% growth vs tough 78% comp. U.S. logged-in DAU flat, logged-out +12%, intl DAU +26%. Search ads pilot launched, could add $100M+ by 2028. Reddit Max cuts cost/action 17%, lifts conversions 25%. Shopify/Pacvue partnerships expand ad reach. 91.5% gross margin, 37% FCF margin ex-SBC, minimal capex. Intl rev +76% at 21% of total, long runway given 58% intl DAU vs 80-90% peer avg.
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