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Dave & Buster's Entertainment, Inc.（PLAY）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Dave & Buster's Entertainment, Inc.的1.6倍（$725.6M vs $448.2M），Reddit, Inc.净利率更高（34.7% vs -9.4%，领先44.1%），Reddit, Inc.同比增速更快（69.7% vs -1.1%），Reddit, Inc.自由现金流更多（$263.6M vs $-20.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs -13.5%）
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
PLAY vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.6倍
$448.2M
营收增速更快
RDDT
高出70.7%
-1.1%
净利率更高
RDDT
高出44.1%
-9.4%
自由现金流更多
RDDT
多$284.2M
$-20.6M
两年增速更快
RDDT
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $725.6M |
| 净利润 | $-42.1M | $251.6M |
| 毛利率 | 85.8% | 91.9% |
| 营业利润率 | -3.6% | 31.9% |
| 净利率 | -9.4% | 34.7% |
| 营收同比 | -1.1% | 69.7% |
| 净利润同比 | -28.7% | 254.2% |
| 每股收益（稀释后） | $-1.22 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PLAYRDDT
| Q4 25 | $448.2M | $725.6M | ||
| Q3 25 | $557.4M | $584.9M | ||
| Q2 25 | $567.7M | $499.6M | ||
| Q1 25 | $534.5M | $392.4M | ||
| Q4 24 | $453.0M | $427.7M | ||
| Q3 24 | $557.1M | $348.4M | ||
| Q2 24 | $588.1M | $281.2M | ||
| Q1 24 | $599.0M | $243.0M |
净利润PLAYRDDT
| Q4 25 | $-42.1M | $251.6M | ||
| Q3 25 | $11.4M | $162.7M | ||
| Q2 25 | $21.7M | $89.3M | ||
| Q1 25 | $9.3M | $26.2M | ||
| Q4 24 | $-32.7M | $71.0M | ||
| Q3 24 | $40.3M | $29.9M | ||
| Q2 24 | $41.4M | $-10.1M | ||
| Q1 24 | $36.1M | $-575.1M |
毛利率PLAYRDDT
| Q4 25 | 85.8% | 91.9% | ||
| Q3 25 | 86.3% | 91.0% | ||
| Q2 25 | 85.5% | 90.8% | ||
| Q1 25 | 85.5% | 90.5% | ||
| Q4 24 | 85.0% | 92.6% | ||
| Q3 24 | 85.3% | 90.1% | ||
| Q2 24 | 85.2% | 89.5% | ||
| Q1 24 | 84.1% | 88.6% |
营业利润率PLAYRDDT
| Q4 25 | -3.6% | 31.9% | ||
| Q3 25 | 9.5% | 23.7% | ||
| Q2 25 | 11.1% | 13.6% | ||
| Q1 25 | 8.3% | 1.0% | ||
| Q4 24 | 1.4% | 12.4% | ||
| Q3 24 | 15.2% | 2.0% | ||
| Q2 24 | 14.5% | -11.0% | ||
| Q1 24 | 14.9% | -242.5% |
净利率PLAYRDDT
| Q4 25 | -9.4% | 34.7% | ||
| Q3 25 | 2.0% | 27.8% | ||
| Q2 25 | 3.8% | 17.9% | ||
| Q1 25 | 1.7% | 6.7% | ||
| Q4 24 | -7.2% | 16.6% | ||
| Q3 24 | 7.2% | 8.6% | ||
| Q2 24 | 7.0% | -3.6% | ||
| Q1 24 | 6.0% | -236.7% |
每股收益（稀释后）PLAYRDDT
| Q4 25 | $-1.22 | $1.24 | ||
| Q3 25 | $0.32 | $0.80 | ||
| Q2 25 | $0.62 | $0.45 | ||
| Q1 25 | $0.32 | $0.13 | ||
| Q4 24 | $-0.84 | $4.76 | ||
| Q3 24 | $0.99 | $0.16 | ||
| Q2 24 | $0.99 | $-0.06 | ||
| Q1 24 | $0.95 | $-8.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.6M | $953.6M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $130.8M | $2.9B |
| 总资产 | $4.1B | $3.2B |
| 负债/权益比越低杠杆越低 | 12.17× | — |
8季度趋势，按日历期对齐
现金及短期投资PLAYRDDT
| Q4 25 | $13.6M | $953.6M | ||
| Q3 25 | $12.0M | $911.7M | ||
| Q2 25 | $11.9M | $734.1M | ||
| Q1 25 | $6.9M | $635.7M | ||
| Q4 24 | $8.6M | $562.1M | ||
| Q3 24 | $13.1M | $515.9M | ||
| Q2 24 | $32.1M | $468.0M | ||
| Q1 24 | $37.3M | $968.5M |
总债务PLAYRDDT
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益PLAYRDDT
| Q4 25 | $130.8M | $2.9B | ||
| Q3 25 | $166.2M | $2.6B | ||
| Q2 25 | $146.8M | $2.4B | ||
| Q1 25 | $145.8M | $2.2B | ||
| Q4 24 | $226.6M | $2.1B | ||
| Q3 24 | $284.4M | $2.0B | ||
| Q2 24 | $292.5M | $1.9B | ||
| Q1 24 | $251.2M | $1.8B |
总资产PLAYRDDT
| Q4 25 | $4.1B | $3.2B | ||
| Q3 25 | $4.1B | $2.9B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $4.0B | $2.4B | ||
| Q4 24 | $3.9B | $2.3B | ||
| Q3 24 | $3.8B | $2.2B | ||
| Q2 24 | $3.8B | $2.1B | ||
| Q1 24 | $3.8B | $2.0B |
负债/权益比PLAYRDDT
| Q4 25 | 12.17× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 10.98× | — | ||
| Q1 25 | 10.45× | — | ||
| Q4 24 | 6.58× | — | ||
| Q3 24 | 4.72× | — | ||
| Q2 24 | 4.58× | — | ||
| Q1 24 | 5.33× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $58.0M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | $263.6M |
| 自由现金流率自由现金流/营收 | -4.6% | 36.3% |
| 资本支出强度资本支出/营收 | 17.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-195.6M | $684.2M |
8季度趋势，按日历期对齐
经营现金流PLAYRDDT
| Q4 25 | $58.0M | $266.8M | ||
| Q3 25 | $34.0M | $185.2M | ||
| Q2 25 | $95.8M | $111.3M | ||
| Q1 25 | $108.9M | $127.6M | ||
| Q4 24 | $-7.2M | $90.0M | ||
| Q3 24 | $101.8M | $71.6M | ||
| Q2 24 | $108.8M | $28.4M | ||
| Q1 24 | $97.2M | $32.1M |
自由现金流PLAYRDDT
| Q4 25 | $-20.6M | $263.6M | ||
| Q3 25 | $-55.2M | $183.1M | ||
| Q2 25 | $-58.8M | $110.8M | ||
| Q1 25 | $-61.0M | $126.6M | ||
| Q4 24 | $-138.4M | $89.2M | ||
| Q3 24 | $-14.3M | $70.3M | ||
| Q2 24 | $-4.2M | $27.2M | ||
| Q1 24 | $-25.4M | $29.2M |
自由现金流率PLAYRDDT
| Q4 25 | -4.6% | 36.3% | ||
| Q3 25 | -9.9% | 31.3% | ||
| Q2 25 | -10.4% | 22.2% | ||
| Q1 25 | -11.4% | 32.3% | ||
| Q4 24 | -30.6% | 20.8% | ||
| Q3 24 | -2.6% | 20.2% | ||
| Q2 24 | -0.7% | 9.7% | ||
| Q1 24 | -4.2% | 12.0% |
资本支出强度PLAYRDDT
| Q4 25 | 17.5% | 0.4% | ||
| Q3 25 | 16.0% | 0.4% | ||
| Q2 25 | 27.2% | 0.1% | ||
| Q1 25 | 31.8% | 0.2% | ||
| Q4 24 | 29.0% | 0.2% | ||
| Q3 24 | 20.8% | 0.4% | ||
| Q2 24 | 19.2% | 0.4% | ||
| Q1 24 | 20.5% | 1.2% |
现金转化率PLAYRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 2.98× | 1.14× | ||
| Q2 25 | 4.41× | 1.25× | ||
| Q1 25 | 11.71× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 2.53× | 2.40× | ||
| Q2 24 | 2.63× | — | ||
| Q1 24 | 2.69× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
