Reddit's 'People Are the Best' Ad Campaign Ignites 9.75% Stock Surge
Reddit, Inc. oversees an internet-based service dedicated to fostering diverse online communities. This platform categorizes groups by shared passions, enabling its users to participate in dialogues through recounting experiences, sharing external web addresses, uploading visual and video content, and engaging in direct replies. Founded in 2005, the corporation maintains its central operations in San Francisco, California. Reddit, Inc. also functions as a controlled subsidiary of Advance Publications, Inc.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue | $1.30B | $804.03M | $666.70M | $484.92M | $228.91M |
| Cost of Revenue | $123.59M | $111.01M | $104.80M | $72.56M | $55.03M |
| Gross Profit | $1.18B | $693.02M | $561.90M | $412.35M | $173.88M |
| Gross Margin | 90.49% | 86.19% | 84.28% | 85.04% | 75.96% |
| Operating Expenses | $1.74B | $833.18M | $734.06M | $539.56M | $236.44M |
| Operating Income | $-560.57M | $-140.16M | $-172.16M | $-127.21M | $-62.56M |
| Operating Margin | -43.11% | -17.43% | -25.82% | -26.23% | -27.33% |
| Net Income | $-484.28M | $-90.82M | $-158.55M | $-127.90M | $-59.17M |
| Net Margin | -37.25% | -11.30% | -23.78% | -26.37% | -25.85% |
| EPS (Basic) | $-2.69 | $-0.56 | $-0.97 | $-0.78 | $-0.36 |
| EBITDA | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A |