NYSE:RDDTInteractive Media and Services
Reddit (RDDT) Valuation Check After Strong Results And US$1b Buyback Authorization
Reddit (RDDT) is back in focus after quarterly results showed revenue up 70% year over year and daily active users at 121 million, alongside a new US$1 billion share repurchase authorization.
See our latest analysis for Reddit.
Despite the upbeat quarterly update and data partnerships with Meltwater and Shirofune, Reddit’s share price return has been weak. The 30 day share price return is 35.1% and the year to date share price return is 41.3%, while the 1 year total shareholder return of...