Added to YB: 2026-08-05
Pitch date: 2026-08-03
RDDT [bullish]
Reddit, Inc.
+4.13%
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
$29.8B
Pitch Price
$153.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.20
P/E
36.06
EV/Sales
9.72
Sector
Interactive Media and Services
Category
growth
Reddit: A Record Quarter the Market Refused to Reward
RDDT (added to position): Q2 rev $805M (+61% YoY, 8th straight >60% qtr), EPS $1.25 beat $0.97, net margin 31.4%, adj EBITDA margin 42.6%. Stock fell 21% on sequential US DAU dip (53.2M) & Google AI Overview/licensing overhang (~40-50% traffic from Google). Reddit Max rev +150% QoQ, US ARPU $11.85 (+51%), $2.79B cash, no debt, stepped-up buyback. Views mix-shift to high-value users + prior Google-shock recovery precedent as temporary mispricing; adding on weakness.
Read full article (11 min)