Reddit Inc. (NYSE: RDDT)
Internet Content & Information · San Francisco, CA, United States · Founded 2005
- Market capitalization: $10.0 billion
- Annual revenue: $2.2 billion
- Net income: $0.53 billion
- Employees: 2,000
- Sector: Communication Services
- Headquarters: San Francisco, United States
- Founded: 2005
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Reddit is the self-proclaimed "front page of the internet" — a platform of over 100,000 communities (subreddits) covering every topic imaginable. With over 70 million daily active users, it's one of the largest social platforms in the US. The site's content is increasingly valuable as training data for AI models.
Advertising revenue from promoted posts and display ads, plus a growing data licensing business (selling access to Reddit's content for AI training). Premium subscriptions and virtual goods (Reddit Gold/awards) add smaller revenue streams. The data licensing deals with Google and others are a new and significant revenue source.
Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit was acquired by Condé Nast in 2006 and later spun back out. They went public in March 2024 after years of anticipation. The 2023 API pricing changes sparked massive user protests and a moderator revolt.
| Market Capitalization | $10.0B |
| Annual Revenue | $2.2B |
| Net Income | $0.53B |
| Profit Margin | 24% |
| Revenue per Employee | $1100000K |
| Stock Exchange | NYSE |
| Ticker Symbol | RDDT |
Financial data is approximate and based on most recent annual filings.
Reddit's r/WallStreetBets community drove the GameStop short squeeze in 2021, shaking Wall Street. The platform's data licensing deal with Google was reportedly worth $60 million annually — essentially selling conversation data to train AI.
Reddit has one of the most valuable content archives on the internet, and the AI data licensing opportunity is genuinely new. The challenge is monetizing without alienating the community that creates the value.
What is Reddit Inc.'s revenue?
Reddit Inc. generates approximately $2.2 billion in annual revenue.
How many employees does Reddit Inc. have?
Reddit Inc. employs approximately 2,000 people worldwide.
What is Reddit Inc.'s market cap?
Reddit Inc. (RDDT) has a market capitalization of approximately $10.0 billion on the NYSE.
When was Reddit Inc. founded?
Reddit Inc. was founded in 2005 and is headquartered in San Francisco, CA, United States.
Who is the CEO of Reddit Inc.?
Steve Huffman is the current CEO of Reddit Inc..
What is Reddit Inc.'s website?
Reddit Inc.'s official website is reddit.com.
| CEO | Steve Huffman |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Founded | 2005 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | reddit.com |
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