Reddit Announces Third Quarter 2024 Results [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
Achieved GAAP profitability with net income of $29.9 million and net margin of 8.6% Adjusted EBITDA of $94.1 million and Adjusted EBITDA margin of 27.0% Positive operating cash flow of $71.6 million and Free Cash Flow of $70.3 million, invested $66 million to net settle 1.2 million employee shares SAN FRANCISCO, October 29, 2024 BUSINESS WIRE )--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended September 30, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com "It was another strong quarter for Reddit and our communities as we achieved important milestones, including new levels of user traffic, revenue growth, and profitability," said Steve Huffman, Co-Founder and CEO of Reddit. "Reddit continues to be one of the most visited and trusted sites in the world with opportunities available to us that aren't available to most
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News
- Reddit Partners with InMarket to Measure the Real-World Impact of Advertising Campaigns with Lift Conversion Index (LCI)PR Newswire
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at JMP Securities from $84.00 to $118.00. They now have a "market outperform" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $70.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Sanford C. Bernstein from $65.00 to $85.00. They now have an "underperform" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Roth Mkm from $89.00 to $116.00. They now have a "buy" rating on the stock.MarketBeat
RDDT
Earnings
- 10/29/24 - Beat
RDDT
Sec Filings
- 11/15/24 - Form 144
- 11/15/24 - Form 144
- 11/14/24 - Form SC
- RDDT's page on the SEC website