Company Valuation: Reddit, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 28,697 43,559 29,950 - -
Change - 51.79% -31.24% - -
Enterprise Value (EV) 1 26,856 41,083 26,835 25,508 23,825
Change - 52.98% -34.68% -4.95% -6.6%
P/E -49.1x 87.7x 28.9x 22x 17.6x
PBR 13.8x 15x 7.44x 5.28x 3.84x
PEG -0x -0x 0x 0.7x 0.7x
Capitalization / Revenue 22.1x 19.8x 8.84x 6.71x 5.4x
EV / Revenue 20.7x 18.7x 7.92x 5.71x 4.3x
EV / EBITDA 90.1x 48.6x 17.7x 12.2x 8.85x
EV / EBIT -47.9x 93x 26.2x 16.8x 11.7x
EV / FCF 124x 60x 20.4x 14.5x 10.7x
FCF Yield 0.8% 1.67% 4.9% 6.9% 9.36%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 -3.33 2.62 5.378 7.068 8.851
Distribution rate - - - - -
Net sales 1 1,300 2,203 3,386 4,464 5,545
EBITDA 1 298 845.1 1,514 2,086 2,691
EBIT 1 -560.6 442 1,024 1,519 2,042
Net income 1 -484.3 529.7 1,087 1,492 1,902
Net Debt 1 -1,841 -2,477 -3,115 -4,443 -6,125
Reference price 2 163.44 229.87 155.67 155.67 155.67
Nbr of stocks (in thousands) 175,578 189,496 192,397 - -
Announcement Date 2/12/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.55x7.47x13.12x0.29% 1,876B
28.94x7.92x17.72x-.--% 29.95B
15x3.56x9.28x1.89% 9.57B
9.33x0.93x4.95x-.--% 1.74B
7.71x0.56x2.35x7.7% 1.64B
-53.57x2.06x19.82x-.--% 967M
7.04x - - - 844M
-22.74x0.71x2.21x-.--% 373M
Average 1.91x 3.32x 9.92x 1.41% 240.2B
Weighted average by Cap. 23.51x 7.44x 13.16x 0.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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