About reddit inc - RDDT
Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.
RDDT At a Glance
Reddit, Inc.
303 2nd Street, South Tower
San Francisco, California 94107
| Phone | 1-415-494-8016 | Revenue | 804.03M | |
| Industry | Internet Software/Services | Net Income | -90,824,000.00 | |
| Sector | Technology Services | 2023 Sales Growth | 20.598% | |
| Fiscal Year-end | 12 / 2024 | Employees | 2,013 | |
| View SEC Filings |
RDDT Valuation
| P/E Current | N/A |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | N/A |
| Price to Sales Ratio | N/A |
| Price to Book Ratio | N/A |
| Price to Cash Flow Ratio | N/A |
| Enterprise Value to EBITDA | N/A |
| Enterprise Value to Sales | N/A |
| Total Debt to Enterprise Value | N/A |
RDDT Efficiency
| Revenue/Employee | 399,418.281 |
| Income Per Employee | -45,118.728 |
| Receivables Turnover | 3.177 |
| Total Asset Turnover | 0.503 |
RDDT Liquidity
| Current Ratio | 11.078 |
| Quick Ratio | 11.078 |
| Cash Ratio | 9.082 |
RDDT Profitability
| Gross Margin | 84.508 |
| Operating Margin | -17.432 |
| Pretax Margin | -10.823 |
| Net Margin | -11.296 |
| Return on Assets | -5.683 |
| Return on Equity | -6.231 |
| Return on Total Capital | -6.194 |
| Return on Invested Capital | -6.16 |
RDDT Capital Structure
| Total Debt to Total Equity | 1.787 |
| Total Debt to Total Capital | 1.756 |
| Total Debt to Total Assets | 1.613 |
| Long-Term Debt to Equity | N/A |
| Long-Term Debt to Total Capital | 1.503 |
Reddit Inc in the News
Apple under fire, Fed's Powell juices stocks and Reddit's rally
Investors took the Federal Reserve's latest update in stride, celebrating the confirmation of several rate hikes later this year. For Apple, the news was less pleasant.
Reddit IPO spikes, reigniting social media sector
Reddit, the social networking forum where users can post, comment and interact on all kinds of issues and topics, is now a public company after a blockbuster IPO.