Reddit Inc Class A Shares
RDDT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@> | LOCK|c>HW | LOCK|QwW@B#$ |
Reddit Earnings: Monetization Momentum and International User Growth Drive Outperformance
Reddit delivered a solid third quarter, as revenue grew 68% year over year to $585 million, on the back of strong monetization and healthy user growth. Adjusted EBITDA margins exceeded consensus expectations, clocking in at 40%, helping Reddit achieve its 2024 IPO margin targets.
