Reddit, Inc. (RDDT)
| Market Cap | 8.99B |
| Revenue (ttm) | 883.25M |
| Net Income (ttm) | -605.02M |
| Shares Out | 159.24M |
| EPS (ttm) | -3.80 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,861,228 |
| Open | 59.50 |
| Previous Close | 59.63 |
| Day's Range | 56.29 - 60.46 |
| 52-Week Range | 37.35 - 74.90 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 54.87 (-2.68%) |
| Earnings Date | May 7, 2024 |
About RDDT
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. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $54.87, which is a decrease of -2.68% from the latest price.
News
Reddit Stock Soars After Company Inks Partnership With ChatGPT Owner OpenAI
Reddit (RDDT) shares soared nearly 12% in extended-hours trading Thursday after the company announced a partnership with OpenAI that allows the ChatGPT owner to train its artificial intelligence (AI) ...
OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising
OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That's one component of a new partnership formed by the AI company and the social media platform, Reddit said in a...
OpenAI's New Reddit Deal Means Real-Time Data for You ChatGPT Users
Meanwhile, Reddit says it will bring "AI-powered features" to redditors.
OpenAI strikes deal with Reddit to bring content to ChatGPT
OpenAI will also become a Reddit advertising partner.
Reddit shares climb on ChatGPT deal with OpenAI
Shares of Reddit Inc. rose 9% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.
OpenAI inks deal to train AI on Reddit data
OpenAI and Reddit have reached a deal to allow OpenAI to train its generative AI models on Reddit's data.
Reddit announces another big data-sharing AI deal — this time with OpenAI
OpenAI and Reddit are teaming up together in a new partnership. Reddit's content will help train OpenAI's models, the companies announced Thursday.
OpenAI partnering with Reddit on advertising and content
CNBC's Kate Rooney joins 'Closing Bell Overtime' with the latest on Reddit partnering with OpenAI.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring the social media platform's content to ChatGPT, the companies said on Thursday.
Reddit shares close near record after two-day rally driven by meme stocks
Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy
Reddit's share price has held since it went public, but the firm's unique structure could be its undoing
Reddit, the social networking platform that recently floated on the stock market, saw its shares surge 15% on the back of its first-quarter financial results on May 8.
Reddit Unveils New Policy to Protect More User Data
Reddit Inc. has released new policies governing data posted on its social network, including a ban on sending advertisements to users without consent. Co-founder and CEO Steve Huffman explains at the ...
Reddit CEO on first earnings report: A lot of things are 'starting to click'
Reddit (RDDT) beat first-quarter estimates on the top and bottom line in the social media platform's first earnings report since going public in March. Reddit CEO Steve Huffman joins Yahoo Finance Exe...
Reddit to Participate in Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences. Jen Wong, Reddit's COO, will participate in Needham's 19th Annual Needham Te...
Stock Market Today: Dow Brings Daily Win Streak to Six
The 30-stock index is on its longest winning streak of the year.
Tech Stocks on the Move Today: Uber Technologies, Reddit, and More
The S&P 500 Information Technology Sector Index wavered between gains and losses in intraday trading Wednesday, up just 0.1% as of 2 p.m. ET. The broader S&P 500 was 0.1% lower and the tech-heavy Nasd...
Reddit has a platter of monetization opportunities, analyst says
Reddit (RDDT) posted its first quarter results since its IPO, revealing a 39% surge year-over-year in advertising revenue. In addition, Reddit's second quarter revenue guidance surpassed analysts' est...
Reddit stock surges after ad revenue jumps 39% year over year
Shares of Reddit (RDDT) are soaring on Wednesday, driven by the company's first earnings report since its public debut. The social media platform saw a 39% surge year-over-year in advertising revenue.
Reddit (RDDT) Rallies After First Earnings Since IPO
Reddit (RDDT) rallies after its first earnings report since its IPO. Caroline Woods discusses this as Reddit's 1Q adjusted EPS came in at -$8.19 versus an estimated -$8.71 and revenue came in at $242....
Reddit CEO Huffman on User Strategy, AI and Expansion
Reddit CEO Steve Huffman discusses the social media company's user-to-user strategy, AI opportunities and expansion plans on "Bloomberg Technology." Reddit's revenue increased 48% to $243 million in t...
Reddit Got a Google Boost. More AI Deals Could Lift the Stock.
The platform saw a big rise in traffic from the Google search engine in the March quarter.
Reddit Stock Rises After First Post-IPO Earnings Report
Reddit stock is higher after the company's impressive Q1 results and strong Q2 outlook. Here's what you need to know.
Reddit's first post-IPO results are ‘mission accomplished,' with international and data-licensing opportunities ahead
Reddit Inc.'s first quarterly results as a public company sent the company's stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and n...
Reddit stock up 10% on Q1 earnings: is it too late to buy?
Reddit Inc (NYSE: RDDT) is already up close to 40% versus its year-to-date low but analysts at Citi are convinced that it's not out of juice just yet.
Reddit shares jump 14% after revenue pops in first-ever earnings report
Reddit shares soared as much as 14% on Wednesday after the social media firm posted unexpectedly strong revenue growth and improving profitability in the first earnings report since its market debut.