Reddit (RDDT) Valuation Reset: 2024 vs. 2025
"Profits tripled while the valuation multiplier dropped by 5x."
1. Period: Q4 2024 (Reported Feb 2025)
Stock Price: $214
Quarterly EPS: $0.36
Annualized EPS (Run-rate): $1.44 ($0.36 × 4)
Run-rate PER: 148.6x
2. Period: Q4 2025 (Reported Feb 2026)
Stock Price: $140
Quarterly EPS: $1.24
Annualized EPS (Run-rate): $4.96 ($1.24 x 4)
Run-rate PER: 28.2x
The 5x Factor: The PER has decreased by approximately 5.27 times
Google (Alphabet) Run-rate PER Calculation Period: Q4 2025 (Reported Feb 2026)
Stock Price: $323.10
Quarterly EPS: $2.82
Annualized EPS (Run-rate): $11.28 ($2.82 x 4)
Run-rate PER: 28.6x
\[Summary Comparison\]
Reddit (RDDT): 28.2x PER
Google (GOOGL): 28.6x PER