Added to YB: 2026-06-26
Pitch date: 2026-06-24
RDDT [bullish]
Reddit, Inc.
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
$31.9B
Pitch Price
N/A
Price Target
230.00 (+31%)
Dividend
N/A
EV/EBITDA
44.92
P/E
47.38
EV/Sales
11.78
Sector
Interactive Media and Services
Category
growth
[RDDT] The Mob That Became the Moat
RDDT: Misfiled as social media; actually a toll booth on human conversation. Q1'26: $663M rev, $311M FCF (47% margin), $204M NI, 90%+ GM, $1M capex. 5 vectors: AI licensing ($130M, repricing up), intl ARPU ($2 vs $9.63 US), Reddit Answers (15M WAU), ad shopping, cash machine + $1B buyback. Risks: Google/OpenAI concentration, Anthropic litigation, fair-use ruling, unmonetized search, community revolt. Stock $170, down 30% YTD on de-rating not fundamentals; consensus PT $230.
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