Reddit revenue and financials
$148.95Change from previous close: −0.98%Absolute change: −$1.47
In the fiscal year ended December 2025, Reddit reported revenue of $2.2B (+69.40% year over year). Net income was $529.72M, a net margin of 24.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +69.40%
- 2025 vs 2024
- Net margin
- 24.1%
- 2024: -37.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 805 | 663 | 726 | 585 | 500 | 392 | 428 | 348 | 281 | 243 | 250 | 208 |
| Cost of revenue | 70.3 | 56.3 | 58.7 | 52.5 | 45.9 | 37.1 | 31.8 | 34.6 | 29.5 | 27.6 | 28.9 | 26.4 |
| Gross profit | 735 | 607 | 667 | 532 | 454 | 355 | 396 | 314 | 252 | 215 | 221 | 181 |
| Selling, general and administrative | 269 | 214 | 233 | 193 | 186 | 151 | 149 | 136 | 139 | 360 | 105 | 92.4 |
| Research and development | 228 | 200 | 196 | 190 | 194 | 179 | 182 | 162 | 141 | 426 | 111 | 108 |
| Operating income | 232 | 183 | 232 | 139 | 67.7 | 3.9 | 52.9 | 6.9 | -31.0 | -589 | 3.0 | -19.6 |
| EBIT | 232 | 183 | 232 | 139 | 67.7 | 3.9 | 52.9 | 6.9 | -31.0 | -589 | 3.0 | -19.6 |
| EBITDA | 236 | 187 | 236 | 142 | 71.6 | 7.9 | 57.0 | 10.8 | -27.3 | -586 | 6.8 | -16.3 |
| Pre-tax income | 257 | 206 | 255 | 161 | 88.9 | 24.4 | 70.0 | 29.8 | -10.3 | -575 | 19.5 | -6.9 |
| Income tax | 4.0 | 1.7 | 3.2 | -2.1 | -0.4 | -1.7 | -1.0 | -0.0 | -0.2 | 0.4 | 0.9 | 0.4 |
| Net income | 253 | 204 | 252 | 163 | 89.3 | 26.2 | 71.0 | 29.9 | -10.1 | -575 | 18.5 | -7.4 |
| Net income to common shareholders | 253 | 204 | 252 | 163 | 89.3 | 26.2 | 71.0 | 29.9 | -10.1 | -575 | 18.5 | -7.4 |
| Basic EPS | 1.31 | 1.07 | 1.32 | 0.87 | 0.48 | 0.14 | 0.40 | 0.18 | -0.06 | -8.19 | 0.30 | -0.13 |
| Diluted EPS | 1.25 | 1.01 | 1.24 | 0.80 | 0.45 | 0.13 | 0.36 | 0.16 | -0.06 | -8.19 | 0.30 | -0.13 |
| Average shares (basic) | 192 | 192 | 190 | 188 | 185 | 182 | 177 | 169 | 164 | 70.2 | 61.1 | 58.9 |
| Average shares (diluted) | 202 | 203 | 203 | 203 | 200 | 201 | 199 | 192 | 164 | 70.2 | 61.1 | 58.9 |
