Key Points
(Bloomberg) -- 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..
Separately, estimates from some of the offerings underwriters also see Reddits revenue increasing at similar rates to the companys own projections, a different person said, asking not to be identified as the information isnt public..
Reddit expects a minimum of $66.4 million in revenue this year from those agreements, the filing shows..
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