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Reddit files to go public at last

Social media giant Reddit filed to go public today, dropping a long-awaited S-1 filing - revealing both a net loss and user growth.

If Reddit is able to secure similar deals with other major AI model providers like OpenAI, it could see its revenue base expand from new sources this year in a manner that could undergird its first few quarters’ results as a public company. In its S-1 filing, the company said that it is in the early stages of giving third parties the ability “license access to search, analyze, and display historical and real-time data from our platform.” Investors love a growth story, and Reddit has a fresh revenue plank to crow about as it embarks on its eventual roadshow. Advertising revenues in the technology world have recovered to a degree, with companies like Meta and Amazon that sport massive ad incomes reporting earnings that included growth in that area of their larger business.

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