NYSE:RDDTInteractive Media and Services
Reddit (RDDT): Profitability Achieved, Lofty Valuation Challenges Bullish Market Narratives
Reddit (RDDT) has swung to profitability, notching average annual earnings growth of 2.6% over the past five years and boosting net profit margins as it topped breakeven in the last twelve months. Consensus now expects earnings to rise 36.2% per year over the next three years, with revenue also projected to climb 24.9% annually. Both of these figures are far ahead of the broader US market. The upshot for investors is a company showing real momentum in both profits and revenue, with its recent...