Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02 Results of Operations and Financial Condition.
On October 30, 2025, Reddit, Inc. (“Reddit”) issued a press release and a letter to shareholders announcing its financial results for the quarter ended September 30, 2025. In the press release and letter, Reddit also announced that it would be holding a conference call on October 30, 2025 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its financial results for the quarter. Reddit will also solicit questions from the Reddit community in its investor relations subreddit, r/ RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, October 30, 2025, and post responses following the earnings call at Reddit’s Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/. A copy of the press release and letter to shareholders are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Reddit uses the investor relations page on its website https://investor.redditinc.com, as well as the subreddits r/RDDT and r/reddit, available at https://www.reddit.com/r/RDDT/ and https://www.reddit.com/r/reddit/, respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.
EX-99.1 earningspressreleaseq325.htm EX-99.1
Document Exhibit 99.1
Reddit Announces Third Quarter 2025 Results Daily Active Uniques (“DAUq”) increased 19% year-over-year to 116.0 million Revenue grew 68% year-over-year to $585 million Gross margin expanded year-over-year to 91.0% Net income of $163 million, 28% of revenue. Diluted EPS of $0.80 Adjusted EBITDA 1 of $236 million, 40% of revenue Operating cash flow of $185 million Fully diluted shares of 206.1 million, down both sequentially and year-over-year SAN FRANCISCO, Calif. – October 30, 2025 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended September 30, 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.
“Reddit provides something rare on the Internet,” said Steve Huffman, Reddit Co-Founder and CEO.
“444 million people come here each week for authentic conversations they can’t find anywhere else, and increasingly, for engagement with brands, institutions and publishers.”
• Total revenue increased 68% year-over-year to $585 million, Ad revenue increased 74% year-over-year to $549 million, and Other revenue increased 7% year-over-year to $36 million
• Gross margin was 91.0%, an improvement of 90 basis points from the prior year
• Net income was $163 million, an improvement of $133 million from the prior year
• Adjusted EBITDA 1 was $236 million, an improvement of $142 million from the prior year
• Operating cash flow was $185 million, an improvement of $114 million from the prior year
• Free Cash Flow 1 was $183 million, an improvement of $113 million from the prior year
• Basic and diluted earnings per share (“EPS”) were $0.87 and $0.80, respectively
• Total fully diluted shares outstanding were 206.1 million as of September 30, 2025, down 0.2% from the prior quarter and down 0.1% from the prior year
Third Quarter 2025 Financial Highlights
Financial Outlook The guidance provided below is based on Reddit’s current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit’s reports on file with the Securities and Exchange Commission (the “SEC”). Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.
As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the fourth quarter.
In the fourth quarter of 2025, we estimate:
• Revenue in the range of $655 million to $665 million
• Adjusted EBITDA 2 in the range of $275 million to $285 million
Earnings Conference Call Information and Community Update Reddit will host a conference call to discuss the results for the third quarter of 2025 on Thursday, October 30, 2025, at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast of the call can be accessed on Reddit’s Investor Relations website at https://investor.redditinc.com and investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/. A replay of the webcast and transcript will be available on the same websites following the conclusion of the conference call.
Reddit will solicit questions from the community in the investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, October 30, 2025, after the market closes, and post responses following the earnings call at Reddit’s Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/.
Filing figures are from this filing. Earlier figures are from past filings.