RDDT

Reddit, Inc.

Ticker: RDDTTechnologyBusiness Services & Software
HQ SAN FRANCISCO, CACIK 1713445FY end 12-31Book / share $16.24Shares 202M
Revenue (FY)
$2.20B+69.40%
TTM $2.78B
Op. margin
20.07%+63.18%
TTM 28.25%
Net income
$529.72M+209.38%
TTM $871.09M
Operating cash
$690.88M+211.11%
TTM $1.03B
Free cash flow
$684.17M+217.01%
TTM $1.02B
Return on equity
18.09%+40.81%
TTM 26.51%
Debt / equity
Shares outstanding
202.1M+38.93%
TTM 202.3M

The business

Reddit, Inc. (NYSE: RDDT) operates a global digital platform centered on community-driven conversations and user-generated content. The company's website is www.reddit.com. Reddit's core business model revolves around over 100,000 active communities, called subreddits, where users engage in discussions organized around shared interests, passions, and topics ranging from niche hobbies to mainstream culture. The platform generated an average of 121.4 million daily active uniques and 471.6 million weekly active uniques during the three months ended December 31, 2025, with approximately 57 percent of users accessing the platform from outside the United States.

Reddit generates revenue primarily through advertising, leveraging its contextual and interest-based advertising platform to connect brands with highly engaged, high-intent audiences. The company is also exploring content licensing opportunities, recognizing the value of its corpus of over two billion posts and 22 billion comments as training data for artificial intelligence and large language models. The advertising segment represents the substantial majority of current revenue, though the company is developing additional monetization channels including creator monetization tools and premium features.

The platform's competitive advantages stem from its community-powered content curation model, where users upvote and downvote posts to determine visibility, creating authentic and trusted recommendations. Unlike traditional social media platforms, Reddit emphasizes anonymity and genuine conversation over identity-based networks. The company employs a layered moderation approach combining volunteer community moderators with site-wide rules, fostering user trust and platform safety.

As of December 31, 2025, Reddit employed 2,555 people, including 1,981 in the United States. The company completed its initial public offering in March 2024. Reddit's international expansion strategy includes machine translation capabilities live in 35 languages and a local content framework to identify top interests in each country. The platform serves as a significant source of conversational data and knowledge, frequently cited in artificial intelligence development and training across major language models.

Sector
Technology
Industry
Business Services & Software
HQ
SAN FRANCISCO, CA
FY end
12-31
CIK
1713445
SIC
7374
Financial performance · annual
20242025
$-810.59M$168.35M$1.15B$2.13B$3.11B20242025TTMTTMTTM

Ownership

Who holds Reddit, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-06-30

542
funds hold it
2 of 35
superinvestors hold it
$6.45B
fund-held value
29.6%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%$567.31M
Fidelity OTC Portfolio
FOCPX · Fidelity Securities Fund
1.12%$406.50M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.19%$385.80M
Growth Fund of America
AGTHX
0.11%$375.09M
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.08%$241.05M

Superinvestors in Reddit, Inc.

Chase ColemanINCREASED +1.2%
Tiger Global Management
1.8%
Stanley DruckenmillerNEW
Duquesne Family Office
0.2%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of Reddit, Inc.'s financials

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