Reddit Sees More Than 20% Sales Growth in 2024 as IPO Looms (1)

Reddit Inc. is telling potential investors in its initial public offering that it expects revenue in 2024 to grow by more than 20% versus the previous year, according to a person familiar with the situation.

The social media company gave guidance at a roadshow event that it was set for a similar revenue trajectory to what it saw last year, the person said. Revenue in 2023 grew to $804 million, according to its filing with the US Securities and Exchange Commission. That’s 20.5% above the previous year’s figure, data compiled by Bloomberg show.

Reddit is expecting to break even this ...