Financials Reddit, Inc.

Equities

RDDT

US75734B1008

Internet Services

Real-time Estimate Cboe BZX 11:29:44 2024-07-15 am EDT 5-day change 1st Jan Change
76.72 USD +3.88% Intraday chart for Reddit, Inc. +6.96% 0.00%

Valuation

Fiscal Period: December 2024 2025 2026
Capitalization 1 12,075 - -
Enterprise Value (EV) 1 10,351 10,135 9,768
P/E ratio -13.5 x -114 x 612 x
Yield - - -
Capitalization / Revenue 11.1 x 9.06 x 7.5 x
EV / Revenue 9.48 x 7.6 x 6.07 x
EV / EBITDA 96.4 x 49.1 x 30.2 x
EV / FCF 145 x 78.7 x 43.5 x
FCF Yield 0.69% 1.27% 2.3%
Price to Book 5.5 x 5.56 x 4.76 x
Nbr of stocks (in thousands) 163,509 - -
Reference price 2 73.85 73.85 73.85
Announcement Date - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2023 2024 2025 2026
Net sales 1 - 1,092 1,333 1,610
EBITDA 1 - 107.4 206.5 323.8
EBIT 1 - -745.7 -113.3 -13.07
Operating Margin - -68.28% -8.5% -0.81%
Earnings before Tax (EBT) 1 - -695.5 -101 36.8
Net income 1 -90.82 -693.4 -73.78 40.88
Net margin - -63.49% -5.54% 2.54%
EPS 2 -1.540 -5.462 -0.6478 0.1206
Free Cash Flow 1 - 71.5 128.8 224.7
FCF margin - 6.55% 9.67% 13.95%
FCF Conversion (EBITDA) - 66.55% 62.38% 69.4%
FCF Conversion (Net income) - - - 549.67%
Dividend per Share 2 - - - -
Announcement Date 2/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 243 252.3 277.4 319.6 282.4 301.1
EBITDA 1 10.02 12.06 28.47 58.45 16.19 24.56
EBIT 1 -589.3 -66.53 -55.59 -31.81 -80.16 -66.1
Operating Margin -242.53% -26.37% -20.04% -9.95% -28.39% -21.96%
Earnings before Tax (EBT) 1 -574.7 -52.78 -48.63 -21.46 -68.27 -51.95
Net income 1 -575.1 -54.3 -44.69 -18.92 -66.26 -52.56
Net margin -236.69% -21.53% -16.11% -5.92% -23.47% -17.46%
EPS 2 -8.190 -0.3086 -0.2609 -0.1080 -0.4084 -0.3212
Dividend per Share 2 - - - - - -
Announcement Date 5/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2023 2024 2025 2026
Net Debt 1 - - - -
Net Cash position 1 - 1,724 1,940 2,307
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 - 71.5 129 225
ROE (net income / shareholders' equity) - -96.8% -4.45% 1.79%
ROA (Net income/ Total Assets) - -36.9% -4.46% 1.8%
Assets 1 - 1,882 1,655 2,273
Book Value Per Share 2 - 13.40 13.30 15.50
Cash Flow per Share 2 - 0.6500 1.150 1.730
Capex 1 - 8.69 6.04 7.07
Capex / Sales - 0.8% 0.45% 0.44%
Announcement Date 2/5/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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
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