Reddit, Inc.
RDDTQ2 2025(RDDT Q1 FY2025)Estimated7% AI
AI Revenue %
7%
AI Fair Value
$563.2M
AI Revenue (Q)
$17.0M
Total Revenue (Q)
$243.0M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
RDDT Q1 CY2025 (ended Mar 31, 2025). 10-Q filing. Total revenue $392,361K (61% YoY growth). The filing extraction does not include the revenue disaggregation note (Note 3), so the advertising/other revenue split is not directly available from this filing text. However, based on the RPO schedule from Q4 2024 10-K ($114.6M expected in 2025), content licensing revenue should be approximately $28-30M/quarter in 2025. Using Q4 2024 RPO guidance of ~$28.7M/quarter data licensing plus incremental new contracts, and subtracting ~$4M for Reddit Premium, estimated AI data licensing is ~$27,000K. Conservative estimate. Math: $27,000K / $392,361K = 6.88%, rounded to 7.0%. Confidence downgraded to 'estimated' because the specific advertising/other revenue breakdown is not available in the extracted filing text for this quarter.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue was $392.4 million for the three months ended March 31, 2025, an increase of 61% year over year
10-Q for Q ended Mar 31, 2025, Item 2 MD&A
Remaining performance obligations $252.9M as of Dec 31, 2024, with $114.6 million expected in 2025
10-K for year ended Dec 31, 2024, Note 3 Revenue (prior filing)
AI Products Identified (Ring 1)
Reddit Data API (content licensing for AI training)Google AI training data partnershipOpenAI data licensing agreement
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Reddit Premium subscriptionsVirtual goods/collectible avatars
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix