Reddit Inc (RDDT)
55.36
-1.32
(-2.34%)
USD |
NYSE |
May 23, 10:03
Reddit Gross Profit Margin (Quarterly): 88.63% for March 31, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| March 31, 2024 | 88.63% |
| December 31, 2023 | 88.42% |
| September 30, 2023 | |
| March 31, 2023 | 83.59% |
| December 31, 2022 | 85.82% |
| September 30, 2022 | 83.57% |
| June 30, 2022 | 82.61% |
| Date | Value |
|---|---|
| March 31, 2022 | 84.70% |
| December 31, 2021 | 87.11% |
| September 30, 2021 | 83.46% |
| June 30, 2021 | 85.04% |
| March 31, 2021 | 82.80% |
| December 31, 2020 | 84.33% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
82.61%
Minimum
Jun 2022
88.63%
Maximum
Mar 2024
85.01%
Average
84.52%
Median
Gross Profit Margin (Quarterly) Benchmarks
| Meta Platforms Inc | 81.79% |
| Alphabet Inc | 58.14% |
| Trump Media & Technology Group Corp | 96.15% |
| The Walt Disney Co | 35.82% |
| Snap Inc | 51.89% |
Gross Profit Margin (Quarterly) Related Metrics
| Profit Margin (Quarterly) | -236.7% |
| Operating Margin (Quarterly) | -242.5% |