Reddit — Feb 5, 2026 release

2025 Revenue grew 69% to $2.2 billion Q4 Net Income $252 million, 35% of revenue. 2025 Net Income $530 million, 24% of revenue Q4 Adj. EBITDA 1 $327 million, 45% of revenue. 2025 Adj. EBITDA 1 $845 million, 38% of revenue Reddit’s Board of Directors authorized repurchase program of up to $1 billion of Class A common stock SAN FRANCISCO, Calif. – February 5, 2026 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter and full year ended December 31, 2025. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com. “We’re entering the next era of Reddit—defined by sharper execution, global expansion, and product innovation that puts real people and conversations at the center,” said Steve Huffman, Reddit Co-Founder and CEO. “Our focus is on turning Reddit’s authenticity into even more everyday utility.” Fourth quarter 2025 • Total revenue increased 70% year-over-year to $726 million, Ad revenue increased 75% year-over-year to $690 million, and Other revenue increased 8% year-over-year to $36 million • Gross margin was 91.9%, as compared to 92.6% in the prior year • Net income was $252 million, an improvement of $181 million from the prior year • Adjusted EBITDA 1 was $327 million, an improvement of $173 million from the prior year • Operating cash flow was $267 million, an improvement of $177 million from the prior year • Free Cash Flow 1 wa