Company Reddit, Inc.

Equities

RDDT

US75734B1008

Internet Services

Market Closed - Nyse 04:00:55 2024-07-12 pm EDT 5-day change 1st Jan Change
73.85 USD +5.06% Intraday chart for Reddit, Inc. +1.21% 0.00%

Business Summary

Reddit, Inc. operates a social platform, Reddit. The Company operates mobile applications and a Website that allows users to form communities and create and share content. Reddit is focused on bringing community, belonging, and empowerment to everyone in the world. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversation, and authentic human connections. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends.

Sales per Business

USD in Million2022Weight2023Weight Delta
Advertising
98.1 %
653 97.9 % 789 98.1 % +20.87%
Other
1.9 %
14 2.1 % 15 1.9 % +7.84%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
81.0 %
549 82.3 % 651 81.0 % +18.66%
Rest of World
19.0 %
118 17.7 % 153 19.0 % +29.65%

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 119,067,371 0 0 21.73 %
Stock B 1 44,441,885 35,535,688 ( 79.96 %) 0

Shareholders

NameEquities%Valuation
4,276,997 9.624 % 273 M $
Quiet Capital Management LP
6.688 %
2,972,235 6.688 % 190 M $
Fidelity Management & Research Co. LLC
5.311 %
2,360,470 5.311 % 151 M $
Inclusive Capital Partners LP
4.701 %
2,089,430 4.701 % 133 M $
1,761,628 3.964 % 113 M $
Vanguard Fiduciary Trust Co.
3.749 %
1,665,998 3.749 % 106 M $
T. Rowe Price Investment Management, Inc.
3.726 %
1,656,023 3.726 % 106 M $
BNY Mellon Investment Adviser, Inc.
3.398 %
1,510,321 3.398 % 96 M $
Valor Management LLC
3.008 %
1,336,824 3.008 % 85 M $
Apollo Projects
1.776 %
789,456 1.776 % 50 M $
NameEquities%Valuation
Advance Publications, Inc.
34.55 %
42,191,092 34.55 % 2 696 M $
Fidelity Management & Research Co. LLC
9.610 %
11,734,944 9.610 % 750 M $
Apollo Projects
9.310 %
11,369,103 9.310 % 726 M $
11,120,372 9.107 % 710 M $
Vy Capital Management Co. Ltd. (Venture Capital)
5.562 %
6,792,080 5.562 % 434 M $
Quiet Capital Management LP
5.413 %
6,610,551 5.413 % 422 M $
1,976,755 1.619 % 126 M $
47,087 0.0386 % 3 M $
31,697 0.0260 % 2 M $
15,000 0.0123 % 958 350 $

Company contact information

Reddit, Inc.

303 2nd Street, South Tower 5th floor

94107, San Francisco

+

http://www.redditinc.com
address Reddit, Inc.(RDDT)

Sales per Business

Sales per region

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
73.85 USD
Average target price
62.73 USD
Spread / Average Target
-15.05%
Consensus