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 29,023 - -
Change - 51.79% -33.37% - -
Enterprise Value (EV) 1 26,856 41,083 25,908 24,580 22,898
Change - 52.98% -36.94% -5.12% -6.85%
P/E -49.1x 87.7x 28x 21.3x 17x
PBR 13.8x 15x 7.21x 5.12x 3.72x
PEG -0x -0x 0x 0.7x 0.7x
Capitalization / Revenue 22.1x 19.8x 8.57x 6.5x 5.23x
EV / Revenue 20.7x 18.7x 7.65x 5.51x 4.13x
EV / EBITDA 90.1x 48.6x 17.1x 11.8x 8.5x
EV / EBIT -47.9x 93x 25.3x 16.2x 11.2x
EV / FCF 124x 60x 19.7x 14x 10.3x
FCF Yield 0.8% 1.67% 5.07% 7.16% 9.74%
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 2,087 2,693
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 2 163.44 229.87 150.85 150.85 150.85
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.24x6.76x11.85x0.32% 1,696B
28.05x7.65x17.11x-.--% 29.02B
15.53x3.66x9.54x1.82% 9.92B
9.35x0.94x4.98x-.--% 1.75B
7.54x0.54x2.26x7.88% 1.61B
-53.35x2.05x19.7x-.--% 963M
6.89x - - - 826M
-22.42x0.71x2.19x-.--% 368M
Average 1.60x 3.18x 9.66x 1.43% 217.56B
Weighted average by Cap. 21.24x 6.74x 11.91x 0.33%

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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