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Reddit 8-K Report, Financial Results (Feb 5, 2026)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed February 5, 2026
Period End
February 5, 2026
Security
RDDT
In the record · 2024–202610-K210-Q98-K17

RDDT filed 2 annual reports (10-K), 9 quarterly reports (10-Q) and 17 current reports (8-K) between 2024 and 2026.

  1. Leadership change8-K · May ’24May ’24
  2. Material agreement8-K · Jul ’25Jul ’25
  3. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed February 5, 2026. Cited figures are marked; the original filing is the authoritative source.

Reddit, Inc. (NYSE: RDDT) reported fourth quarter and full year 2025 results on February 5, 2026, with Q4 total revenue of $726 milliona, up 70% year-over-year, and full-year 2025 revenue of $2.2 billion, up 69%.

Q4 net income was $252 millionb (35% of revenue) and full-year net income was $530 million (24% of revenue). Q4 Adjusted EBITDA was $327 million (45% of revenue), and full-year Adjusted EBITDA was $845 million (38% of revenue). Q4 operating cash flow was $267 million and Free Cash Flow was $264 million.

Daily Active Uniques (DAUq) averaged 121.4 million in Q4, up 19% year-over-year, while cash, cash equivalents, and marketable securities totaled $2.48 billionc at December 31, 2025. The Board of Directors authorized a share repurchase program of up to $1 billion of Class A common stock. The filing states that repurchases may be made on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions.

The program has no expiration date, does not obligate Reddit to buy any particular amount, and may be suspended or discontinued at any time. For the first quarter of 2026, Reddit estimates revenue of $595 million to $605 milliond and Adjusted EBITDA of $210 million to $220 million. The letter to shareholders also states that Reddit plans to phase out reporting of logged-in and logged-out user metrics later in 2026, and it highlights the launch of verified profiles and Reddit Max campaigns.

02—Key points

Key Highlights

  1. Q4 2025 revenue of $726 million, up 70% year-over-year; Ad revenue of $690 million rose 75% and Other revenue of $36 million rose 8%.
  2. Full-year 2025 revenue of $2.2 billion, up 69%, with net income of $530 million compared with a net loss of $484 million in 2024.
  3. Q4 2025 Adjusted EBITDA of $327 million (45.1% margin), an improvement of $173 million from the prior year; full-year Adjusted EBITDA was $845 million (38.4% margin).
  4. Q4 2025 Free Cash Flow of $264 million; full-year 2025 Free Cash Flow of $684 million.
  5. Board authorized a share repurchase program of up to $1 billion of Class A common stock, with no expiration date and no obligation to repurchase.
  6. Q1 2026 guidance: revenue of $595 million to $605 million and Adjusted EBITDA of $210 million to $220 million.
  7. Q4 2025 DAUq of 121.4 million, up 19% year-over-year, and WAUq of 471.6 million, up 24%; the company plans to phase out logged-in/logged-out reporting later in 2026.

03—Questions

Frequently Asked Questions

  1. How much did Reddit's revenue grow in the fourth quarter and full year 2025?

    Q4 2025 revenue was $726 million, up 70% year-over-year, and full-year 2025 revenue was $2.2 billion, up 69%. Advertising revenue grew 75% in Q4 to $690 million.

  2. What is the size and nature of the new share repurchase program?

    The Board authorized repurchases of up to $1 billion of Class A common stock. Purchases may be made on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions. The program has no expiration date and may be suspended or discontinued at any time, and Reddit is not obligated to buy any particular amount.

  3. What guidance did Reddit provide for the first quarter of 2026?

    Reddit estimated Q1 2026 revenue in the range of $595 million to $605 million and Adjusted EBITDA in the range of $210 million to $220 million. The company did not provide a reconciliation of these non-GAAP guidance measures to U.S. GAAP equivalents.

  4. How profitable was Reddit in 2025 compared with 2024?

    Full-year 2025 net income was $530 million, compared with a net loss of $484 million in 2024. Full-year Adjusted EBITDA was $845 million, versus $298 million in 2024. Q4 net income was $252 million, a 35% net margin.

  5. Will Reddit change how it reports user metrics?

    Yes. The shareholder letter states that Reddit plans to phase out reporting on logged-in and logged-out users later in 2026, because onboarding changes such as instant personalization blur the distinction between the two states.

04—Continue

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