Reddit, Inc.
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- Reddit, Inc. (RDDT) operates a social news aggregation, discussion, and community platform that enables users worldwide to post content, engage in conversations, vote on submissions via upvotes and downvotes, and organize into specialized subreddits based on interests such as news, hobbies, gaming, sports, health, and entertainment; core offerings include text-based discussions, link sharing, image and video uploads, live audio via Reddit Talk, premium memberships with ad-free access and exclusive features like snoovatars and r/lounge, Reddit Answers for AI-powered conversation summaries, advertising solutions encompassing display ads, video ads, promoted posts, and AI-driven tools for trend insights and campaign testing, data licensing to AI firms, and moderator tools for community management. The company generates revenue primarily from advertising sales and premium subscriptions while serving millions of daily and weekly active users across desktop, mobile apps, and web interfaces. Founded in 2005 by Steve Huffman and Alexis Ohanian and headquartered at 548 Market Street in San Francisco, California, Reddit conducts operations internationally with a focus on user growth through machine translation, localized content, and expansions in markets like Brazil; it employs over 2,200 people and maintains more than 100,000 active communities with billions of posts and comments. Recent developments include Reddit's initial public offering on the New York Stock Exchange in March 2024, which transitioned the company from private ownership under Advance Publications to a fully public entity with a market capitalization exceeding $10 billion; strategic data licensing partnerships with OpenAI and Google, initiated in early 2024 and valued at over $200 million in multi-year contracts to train AI models on Reddit content while providing moderators with AI enhancements. In December 2024, Reddit launched Reddit Answers, an AI search tool for summarizing discussions, alongside expansions in search functionality, video ad inventory, and B2B audience targeting via a December 2025 partnership with Bombora for company-level ad precision; the company also reports robust growth with revenue up 68% year-over-year to $585 million, daily active users surpassing 116 million, and active advertisers increasing 75% through international localization and premium creator tools like private subreddit subscriptions and e-commerce integrations.
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