Added to YB: 2026-05-06
Pitch date: 2026-05-03
RDDT [neutral]
Reddit, Inc.
-0.59%
current return
Author Info
No bio for this author
Company Info
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging.
Market Cap
$28.3B
Pitch Price
$170.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
39.45
P/E
42.09
EV/Sales
10.34
Sector
Interactive Media and Services
Category
growth
Reddit Q1 2026: The Thesis Is Playing Out
RDDT (holding update): Q1 rev $663M (+69% YoY), beat est ~9%; adj EBITDA $266M (40% margin), beat ~19%; EPS $1.01 vs $0.58 est. Ad rev +74% to $625M, 75% more advertisers, ARPU $5.23 (+44%). Max campaigns show 17% lower CPA, 25% higher conversions; DPA ROAS up 90%. US DAU +7% to 53.5M (weak), int'l +26%. 91.5% gross margin, $311M FCF on $1M capex. Data licensing w/ Google/OpenAI renewing in 6mo = upside catalyst. Q2 guide $715-725M rev, $285-295M EBITDA, ahead of est. Stock at $165, down 42% from $283 ATH despite stronger fundamentals. Holding position, watching US user growth closely.
Read full article (8 min)