Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

Reddit, Inc.

Revenue

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Other Income, Net

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Net Income

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Basic

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Diluted

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Total Revenues

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Operating Profit

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Non-Operating Income

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Consolidated Net Income

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Net Income Attributable to Common Shareholders

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Basic EPS

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Basic Weighted Average Shares Outstanding

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EBITDA

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EBIT

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Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Total Revenues	892	776.1	524.1	457.3	346.8
Total Revenues %Chg	70.2%	69.7%	51.2%	—	—
Revenue
Cost of Sales	83	66.5	57.1	55.3	55.7
Cost of Revenue
Gross Profit	809	709.6	467	401.9	291.1
Gross Profit Margin	90.7%	91.4%	89.1%	87.9%	83.9%
Selling, General & Administrative Expenses	349.5	294.5	507.5	198.7	196.2
Sales and Marketing
General and Administrative
Research & Development Expenses	387.9	355.3	579.8	219.9	218.5
Research and Development
Operating Profit	71.6	59.7	-620.3	-16.6	-123.6
Operating Margin	8%	7.7%	-118.3%	-3.6%	-35.6%
Non-Operating Income	41.7	40.1	35.3	29.1	24
Other Income, Net
Total Non-Operating Income	41.7	40.1	35.3	29.1	24
Income Before Provision for Income Taxes	113.3	99.8	-585	12.5	-99.6
Provision for Income Taxes	-2.2	-1.1	0.1	1.4	2.4
Income Tax Expense
Consolidated Net Income	115.5	100.9	-585.2	11.2	-102
Net Income Attributable to Common Shareholders	115.5	100.9	-585.2	11.2	-102
Net Income
Basic EPS	0.6	1.7	-5	0.2	-1.8
Diluted EPS	0.6	1.7	-5	0.2	-1.8
Basic Weighted Average Shares Outstanding	183.7	173.6	117.3	60	58.3
Total Shares Outstanding	187.1	180.3	165.6	61	58.3
Diluted Weighted Average Shares Outstanding	200.7	173.6	117.3	60	58.3
EBITDA	79.5	67.9	-612.8	-9.5	-116.9
Effective Tax Rate	-1.9%	-1.1%	-0%	11.1%	-2.4%