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Reddit Valuation Multiples
Discover revenue and EBITDA valuation multiples for Reddit and similar public comparables like NAVER, Kuaishou, Kakao, LY Corporation and more.
Reddit Overview
About Reddit
Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue through advertising, Premium Memberships, and data licensing agreements.
Founded
2011
HQ
Employees
2.6K
Website
Financials (LTM)
EV
$26B
Reddit Financials
Reddit reported last 12-month revenue of $2B and EBITDA of $970M.
In the same LTM period, Reddit generated $2B in gross profit, $970M in EBITDA, and $615M in net income.
Revenue (LTM)
Reddit P&L
In the most recent fiscal year, Reddit reported revenue of $2B and EBITDA of $845M.
Reddit expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | 91% | XXX | XXX | XXX |
| EBITDA | $970M | XXX | $845M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 38% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $615M | XXX | $530M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 24% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Reddit Stock Performance
Reddit has current market cap of $28B, and enterprise value of $26B.
Market Cap Evolution
Reddit's stock price is $147.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $26B | $28B | 0.0% | XXX | XXX | XXX | $2.77 |
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Start Free TrialReddit Valuation Multiples
Reddit trades at 10.5x EV/Revenue multiple, and 26.4x EV/EBITDA.
EV / Revenue (LTM)
Reddit Financial Valuation Multiples
As of April 5, 2026, Reddit has market cap of $28B and EV of $26B.
Equity research analysts estimate Reddit's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Reddit has a P/E ratio of 45.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $28B | XXX | $28B | XXX | XXX | XXX |
| EV (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV/Revenue | 10.5x | XXX | 11.6x | XXX | XXX | XXX |
| EV/EBITDA | 26.4x | XXX | 30.4x | XXX | XXX | XXX |
| EV/EBIT | 46.9x | XXX | 58.0x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | 12.8x | XXX | XXX | XXX |
| P/E | 45.7x | XXX | 53.1x | XXX | XXX | XXX |
| EV/FCF | 31.6x | XXX | 37.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Reddit Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Reddit Margins & Growth Rates
Reddit's revenue in the last 12 month grew by 38%.
Reddit's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Reddit's rule of 40 is 85% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Reddit's rule of X is 148% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Reddit Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 38% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 38% | XXX | XXX | XXX |
| EBITDA Growth | 51% | XXX | 57% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 85% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 148% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 13% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 30% | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 71% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Reddit Public Comps
See public comps and valuation multiples for other Social Networks and Online Content & News comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NAVER | XXX | XXX | XXX | XXX | XXX | XXX |
| Kuaishou | XXX | XXX | XXX | XXX | XXX | XXX |
| Kakao | XXX | XXX | XXX | XXX | XXX | XXX |
| LY Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| News Corp | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Reddit M&A Activity
Reddit acquired XXX companies to date.
Last acquisition by Reddit was on XXXXXXXX, XXXXX. Reddit acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Reddit
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialReddit Investment Activity
Reddit invested in XXX companies to date.
Reddit made its latest investment on XXXXXXXX, XXXXX. Reddit invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Reddit
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Reddit
| When was Reddit founded? | Reddit was founded in 2011. |
| Where is Reddit headquartered? | Reddit is headquartered in United States. |
| How many employees does Reddit have? | As of today, Reddit has over 2K employees. |
| Who is the CEO of Reddit? | Reddit's CEO is Steven Huffman. |
| Is Reddit publicly listed? | Yes, Reddit is a public company listed on NYSE. |
| What is the stock symbol of Reddit? | Reddit trades under RDDT ticker. |
| When did Reddit go public? | Reddit went public in 2024. |
| Who are competitors of Reddit? | Reddit main competitors are NAVER, Kuaishou, Kakao, LY Corporation. |
| What is the current market cap of Reddit? | Reddit's current market cap is $28B. |
| What is the current revenue of Reddit? | Reddit's last 12 months revenue is $2B. |
| What is the current revenue growth of Reddit? | Reddit revenue growth (NTM/LTM) is 38%. |
| What is the current EV/Revenue multiple of Reddit? | Current revenue multiple of Reddit is 10.5x. |
| Is Reddit profitable? | Yes, Reddit is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Reddit? | Reddit's last 12 months EBITDA is $970M. |
| What is Reddit's EBITDA margin? | Reddit's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Reddit? | Current EBITDA multiple of Reddit is 26.4x. |
| What is the current FCF of Reddit? | Reddit's last 12 months FCF is $812M. |
| What is Reddit's FCF margin? | Reddit's last 12 months FCF margin is 33%. |
| What is the current EV/FCF multiple of Reddit? | Current FCF multiple of Reddit is 31.6x. |
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