10x Insights
Loading account…
RDDT

Reddit, Inc.

Communication ServicesBusiness Services & Software
Ticker RDDTSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $16.24Diluted shares 202.3M

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… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.20BFY2025
+69.4% year over year
Last 12 mo $2.78B
20.07%FY2025
+63.2 percentage points
Last 12 mo 28.25%
$529.72MFY2025
+209.4% year over year
Last 12 mo $871.09M
18.09%FY2025
+40.8 percentage points
Last 12 mo 26.51%
Cash & financing
$690.88MFY2025
+211.1% year over year
Last 12 mo $1.03B
$684.17MFY2025
+217.0% year over year
Last 12 mo $1.02B
—
202.1MFY2025
+38.9% year over year
Last 12 mo 202.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Reddit, Inc. does

In the company’s own words

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.

Company details
Sector
Communication Services
Industry (SIC)
Business Services & Software
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1713445
SIC
7374

Financial performance, year by year

Fiscal 2024–2025 · USD
$-810.59M$168.35M$1.15B$2.13B$3.11B20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Reddit, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

513
funds hold it
2 of 35
superinvestors hold it
$6.54B
held by funds, at market
26.4%
of shares held by funds

Superinvestors in Reddit, Inc. · what they did last quarter

Chase ColemanINCREASED +1.2%
Tiger Global Management
1.8%of 13F portfolio
Stanley DruckenmillerNEW
Duquesne Family Office
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Reddit, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
0.19%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.23%of fund net assets
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.27%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Reddit, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Reddit, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Reddit, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.