Meta Platforms outperforms Reddit in revenue growth, profitability, and investment potential according to analysts.

From Nasdaq: 2024-07-22 06:45:00

In 2024, the social media industry saw TikTok facing a possible U.S. ban, Reddit going public with an IPO, and Meta Platforms’ stock price nearly doubling from a low of $274.38 to $542.81. Meta’s revenue grew 27% to $36.5 billion, leading to strong free cash flow and a new dividend. Reddit also had a strong Q1, with revenue up 48% to $243 million.

Meta’s impressive Q1 results included a 27% revenue increase to $36.5 billion, leading to strong free cash flow and a dividend payout. Reddit also had a strong Q1, with revenue up 48% to $243 million. Both companies have seen significant growth but have different valuations and analyst ratings, making Meta appear as the better long-term investment choice.

While both Meta and Reddit have had impressive results, Meta’s profitability, dividend payout, and continued revenue growth make it a more compelling investment choice compared to Reddit. With positive growth projections and an optimistic outlook from Wall Street analysts, investing in Meta Platforms seems like a solid choice for long-term gains. Consider the various factors mentioned when deciding where to invest in the social media industry.



Read more at Nasdaq: Meta vs. Reddit: Which Is the Better Social Media Stock?