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Reddit Business Segments

Business, geographic, and product segment breakdowns

Reddit generates $2.5B in annual revenue across 2 key segments: Advertising revenue ($2.3B), and Other revenue ($145.0M). The company-wide operating margin is 25.11%. Based on the Q1 2026 filing.

Advertising revenue (TTM)$2.3BOther revenue (TTM)$145.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$33.4B
P/E Ratio47.14
ROE26.22%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advertising revenue$394.5M$358.6M$464.8M$549.3M$689.7M$624.7M
Other revenue$33.2M$33.7M$34.8M$35.6M$35.9M$38.7M

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$347.7M$313.9M$408.8M$479.6M$583.3M$525.6M
Rest of world$80M$78.5M$90.8M$105.3M$142.3M$137.9M

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross Profit, Adjusted$396.1M$355.5M$453.9M$532.6M$667.1M$607.3M
Operating expenses$343M$351.4M$386M$393.9M$435.1M$424.2M
Adjusted operating expenses$241.8M$240.2M$287.2M$296.6M$340.1M$341.3M
Net Income (Loss) Attributable to Parent—$26.2M$89.3M$162.7M$251.6M$204M
Stock-based compensation and related taxes$97.3M$107.4M$95.1M$93.6M$91.1M$78.8M
Cost of revenue$31.8M$37.1M$45.9M$52.5M$58.7M$56.3M
Adjusted cost of revenue$31.6M$36.9M$45.7M$52.3M$58.5M$56.1M
Interest Income (Expense), Nonoperating$20.6M$20.4M$21.1M$22.3M$22.9M$23.9M
D&A$4.2M$4M$3.9M$3.9M$4.2M$4.2M
Income tax expense (benefit)-$1M-$1.7M-$439K-$2.1M—$1.7M
Other segment expenses$3.5M-$120K-$91K$270K—$1.1M
Restructuring costs$0$0$0$0$0—