EXCLUSIVE: Reddit Hosted 8 Mock Earnings Calls Before IPO – ‘Acted Like A Public Company’

Reddit Inc (NYSE: RDDT ) went public in March 2024 with shares priced at $34 and a valuation of around $6 billion. Two years later the company is worth six times that and shares are up significantly. The company’s chief financial officer shares lessons learned from before and after the IPO in an exclusive interview with. Reddit IPO Lessons Reddit Chief Financial Officer Drew Vollero is looking ahead to future user growth for the company and new AI deals that could have the company continuing to beat analyst financial estimates.

Vollero also can’t help but look back at lessons learned from waiting to go public. "Patience matters. It’s best to go public when your company is ready," Vollero tells. " Vollero said that during the quiet period, the company focused on business execution.

This included being prepared and acting like a public company. "We held eight mock earnings calls, which included real dress rehearsals, releases, scripts and analyst questions. The only difference was that analysts didn’t publish results. " Vollero said Reddit also learned during the IPO process how important people are.

"We’re in the people business, and raising the bar on talent is critical to scaling. " Read Also: EXCLUSIVE: Reddit Isn’t a Social Media Company, CFO Says It’s a True ‘1-of-1’ Consistent Earnings Beats Since going public, Reddit has beaten analyst estimates for revenue and earnings per share in each quarter. "We’ve always been disciplined and focused on balancing profitability and growth," Vollero tells. " Vollero says the public markets can be "unforgiving" to companies that miss estimates, making Reddit "mindful" as it scales the business.

" Vollero tells the company is taking a long-term view on its financial performance. The company’s keys are growing its users, growing revenue and growing cash flow. " Read Also: Reddit CEO Steve Huffman Calls Platform 'Fuel' For AI Growth Photo: Ink Drop / Shutterstock