r/RDDT

Hi redditors,

Early next month, we’ll share our first quarterly financial results as a public company and hold a conference call to answer questions from equity research analysts (people who assess public companies and provide recommendations on whether investors should buy, sell, or hold). You’ll be able to listen into the earnings call webcast (see access details and below) and ask questions in advance that Reddit execs (CEO), (COO), and (CFO) may read out and respond to during the conference call.

We’ll post in this community the morning of May 7th and ask for your questions around our quarterly earnings results. While question selection is subject to our guidelines and community rule #2, we want you all to have the opportunity to ask questions about Reddit’s business.

Stay tuned for that upcoming post with additional information and opportunities to participate in Reddit’s quarterly earnings discussions.

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Reddit to Announce First Quarter 2024 Results on Tuesday, May 7, 2024

April 11, 2024

**SAN FRANCISCO–(BUSINESS WIRE)--**Reddit, Inc. (NYSE: RDDT), announced today that the company’s first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024.

Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day.

The live webcast of the conference call and related earnings materials can be accessed at Reddit’s Investor Relations website at and investor relations subreddit . A replay of the webcast will also be available following the call at the same websites.

Reddit will solicit questions from the community at on Tuesday, May 7, 2024, and post responses following the earnings call at Reddit’s Investor Relations website at and .

We have a life update: Reddit is now trading as a public company on the New York Stock Exchange as RDDT.

Thank you to everyone who was part of this journey, from the most casual redditor to those of you who were able to show your support by participating in the Directed Share Program. We look forward to this next chapter, so stay tuned for more opportunities to ask us questions and learn more about Reddit as a public company (*psst* you’ll see another post from us toward the end of April).

Just a reminder, due to legal limitations, this subreddit will operate slightly differently than others like , , and (which will continue to operate as normal) and you might notice some of our posts (but not all) will be read-only.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus, copies of which may be obtained from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: ; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: ; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: ; and BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: .

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

If you’ve been keeping tabs on us over the past few months, you may have read about our path to becoming a public company. And if you’re looking for more information about this next chapter for Reddit…you’ve come to the right community. Last week, we shared a post in explaining why we launched this community and how you can follow along right here to keep even more tabs on our investor and financial-related news and information.

Today, we’ve taken another step – see below for more information:

SAN FRANCISCO--()--Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share. Reddit will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Reddit has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on March 21, 2024, under the ticker symbol “RDDT.” The offering is expected to close on March 25, 2024, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan, and BofA Securities are acting as lead book-running managers for the offering. Citigroup, Deutsche Bank Securities, and MUFG are acting as joint book-running managers. Citizens JMP, Needham & Company, Piper Sandler, Raymond James, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., and Telsey Advisory Group are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: ; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: ; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: ; and BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: .

This communication shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.