Financials Reddit, Inc.

Equities

RDDT

US75734B1008

Internet Services

Real-time Estimate Cboe BZX 10:28:00 2024-05-30 EDT 5-day change 1st Jan Change
58.55 USD +1.58% Intraday chart for Reddit, Inc. +6.54% 0.00%

Valuation

Fiscal Period: December 2024 2025 2026
Capitalization 1 9,425 - -
Enterprise Value (EV) 1 7,701 7,484 7,118
P/E ratio -10.5 x -81.9 x 738 x
Yield - - -
Capitalization / Revenue 8.65 x 7.09 x 5.86 x
EV / Revenue 7.06 x 5.63 x 4.43 x
EV / EBITDA 73.3 x 37 x 22.5 x
EV / FCF 108 x 67 x 38 x
FCF Yield 0.93% 1.49% 2.63%
Price to Book 4.29 x 4.34 x 3.72 x
Nbr of stocks (in thousands) 163,509 - -
Reference price 2 57.64 57.64 57.64
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 - 105.1 202.1 316.1
EBIT 1 - -737.3 -66.31 42.57
Operating Margin - -67.63% -4.99% 2.65%
Earnings before Tax (EBT) 1 - -700.8 -102 35.05
Net income 1 -90.82 -686.9 -58.83 38.85
Net margin - -63.01% -4.43% 2.42%
EPS 2 -1.540 -5.497 -0.7038 0.0781
Free Cash Flow 1 - 71.5 111.7 187.3
FCF margin - 6.56% 8.41% 11.65%
FCF Conversion (EBITDA) - 68.01% 55.27% 59.24%
FCF Conversion (Net income) - - - 482.06%
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 1 243 251.6 276 318.4 282 300.4
EBITDA 1 10.02 11.56 25.73 54.73 16.74 26.01
EBIT 1 -589.3 -54.8 -46.18 -22.22 -54.38 -48.64
Operating Margin -242.53% -21.78% -16.73% -6.98% -19.29% -16.19%
Earnings before Tax (EBT) 1 -574.7 -53.83 -51.66 -23.94 -68.27 -51.95
Net income 1 -575.1 -50.88 -42.38 -17.55 -54.75 -38.75
Net margin -236.69% -20.22% -15.36% -5.51% -19.42% -12.9%
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 - 71.5 112 187
ROE (net income / shareholders' equity) - -96.8% -4.45% 1.79%
ROA (Net income/ Total Assets) - -36.9% -4.46% 1.8%
Assets 1 - 1,864 1,319 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 - 8.87 6.72 8.2
Capex / Sales - 0.81% 0.51% 0.51%
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
57.64 USD
Average target price
60.13 USD
Spread / Average Target
+4.33%
Consensus
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