NYSE$RDDT

Reddit Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Reddit reported Q4 2025 revenue of $726M with net income of $252M and diluted EPS of $1.24.

Fourth-quarter revenue rose 70% year over year to $726 million on 19% DAU growth to 121.4 million. Net income was $252 million with adjusted EBITDA of $327 million (45% margin). The board authorized up to $1 billion in share repurchases. Management guided Q1 2026 revenue to $595–$605 million and adjusted EBITDA to $210–$220 million.

  • Q4 revenue $726M (+70% YoY); ad revenue $690M (+75%).
  • Net income $252M; diluted EPS $1.24; adjusted EBITDA $327M.
  • DAUq 121.4M (+19% YoY); $1B share repurchase authorization.
  • Q1 2026 revenue guide $595–$605M; adj. EBITDA $210–$220M.

Headline financials

Total Revenue

$726M

Previous: $428M+69.7%
EPS (adj)

$1.24

Previous: $0.36+244.4%
Global DAUq

121.4M

Previous: 101.7M+19.4%
US DAUq

52.5M

Previous: 48.0M+9.4%
International DAUq

68.9M

Previous: 53.7M+28.3%
Global WAUq

471.6M

Previous: 379.4M+24.3%
Global ARPU

$5.98

Previous: $4.21+42.0%
US ARPU

$10.79

Previous: $7.04+53.3%
International ARPU

$2.31

Previous: $1.67+38.3%
Net Income

$252M

Previous: $71M+254.9%
Operating Income

$232M

Previous: $52.9M+338.5%
Gross Profit

$667M

Previous: $396M+68.3%

Revenue & EPS history

Reddit Inc · Revenue · Quarterly

$726M

Q4 2025+69.7%vs Q4 2024
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Revenue by segment

Reddit Inc · $247M total across 1 segment · Q4 2023

  • Advertising
    $247M

Forward guidance

The release discusses Reddit's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Reddit cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+9.0%

Avg return

Earnings day

+9.0%

Avg return

5 days after

+18.8%

Avg return

30 days after

67%

8 / 12 earnings

Positive

+46.0%

Q3 2023

Best reaction

-10.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.5%+13.1%+19.4%
Q4 2025-7.4%-7.8%-7.7%
Q3 2025+5.3%+1.0%+11.3%
Q2 2025+17.2%+32.5%+40.2%
Q1 2025-4.2%-11.2%-5.4%
Q4 2024-5.3%-13.6%-40.8%
Q3 2023+46.0%+33.4%+72.1%
Q3 2024+45.6%+41.8%+75.8%
Q2 2023+1.1%-3.4%+4.6%
Q2 2024-10.8%-6.9%+3.3%
Q1 2023+1.4%+17.8%+21.1%
Q1 2024+6.5%+10.9%+31.5%
Q4 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020

Discussion

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