Financials Reddit, Inc.

Equities

RDDT

US75734B1008

Internet Services

Market Closed - Nyse 04:00:41 2024-06-06 pm EDT 5-day change 1st Jan Change
63.46 USD +5.64% Intraday chart for Reddit, Inc. +12.72% 0.00%

Valuation

Fiscal Period: December 2024 2025 2026
Capitalization 1 10,376 - -
Enterprise Value (EV) 1 8,652 8,436 8,070
P/E ratio -11.5 x -90.2 x 813 x
Yield - - -
Capitalization / Revenue 9.52 x 7.81 x 6.46 x
EV / Revenue 7.94 x 6.35 x 5.02 x
EV / EBITDA 81.9 x 42.2 x 25.5 x
EV / FCF 121 x 65.5 x 35.9 x
FCF Yield 0.83% 1.53% 2.78%
Price to Book 4.73 x 4.78 x 4.09 x
Nbr of stocks (in thousands) 163,509 - -
Reference price 2 63.46 63.46 63.46
Announcement Date - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2023 2024 2025 2026
Net sales 1 - 1,090 1,329 1,607
EBITDA 1 - 105.7 199.9 316.1
EBIT 1 - -663.2 -51.01 42.57
Operating Margin - -60.84% -3.84% 2.65%
Earnings before Tax (EBT) 1 - -700.8 -102 35.05
Net income 1 -90.82 -698.2 -74.66 38.85
Net margin - -64.05% -5.62% 2.42%
EPS 2 -1.540 -5.497 -0.7038 0.0781
Free Cash Flow 1 - 71.5 128.8 224.7
FCF margin - 6.56% 9.7% 13.98%
FCF Conversion (EBITDA) - 67.65% 64.45% 71.08%
FCF Conversion (Net income) - - - 578.44%
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 1 243 251.8 276.4 319 282 300.4
EBITDA 1 10.02 11.36 26.43 57.16 16.24 24.35
EBIT 1 -589.3 -51.7 -41.99 -15.25 -63.72 -66.1
Operating Margin -242.53% -20.53% -15.2% -4.78% -22.6% -22.01%
Earnings before Tax (EBT) 1 -574.7 -53.83 -51.66 -23.94 -68.27 -51.95
Net income 1 -575.1 -55.13 -47.12 -20.91 -66.26 -52.56
Net margin -236.69% -21.9% -17.05% -6.55% -23.5% -17.5%
EPS 2 -8.190 -0.3136 -0.2759 -0.1200 -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 2,306
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 - 1,895 1,674 2,160
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
63.46 USD
Average target price
60.13 USD
Spread / Average Target
-5.24%
Consensus
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