Reddit, Inc.
RDDTQ4 2024(RDDT Q3 FY2024)Derived8.4% AI
AI Revenue %
8.4%
AI Fair Value
$1.0B
AI Revenue (Q)
$46.6M
Total Revenue (Q)
$554.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
RDDT Q3 CY2024 (ended Sep 30, 2024). 10-Q filing. Total revenue $348,351K. Revenue disaggregated: Advertising $315,104K, Other revenue $33,247K. Remaining performance obligations $294.8M, described as 'primarily long-term data licensing contracts,' with expected recognition of $30.5M in remainder of 2024, $121.1M in 2025, $116.0M in 2026. Reddit Premium/virtual goods estimated at ~$4,000K/quarter. Estimated AI data licensing: $33,247K - $4,000K = ~$29,247K. Math: $29,247K / $348,351K = 8.40%. The slight decline in AI revenue % from Q2 is due to advertising revenue growing faster (24.5% QoQ) than data licensing revenue (18.5% QoQ).
Analyzed by claude-opus-4-6
Quoted Figures
Advertising revenue $315,104K; Other revenue $33,247K; Total revenue $348,351K
10-Q for Q ended Sep 30, 2024, Note 3 Revenue, disaggregated by source
the aggregate amount of remaining performance obligations in contracts with an original expected duration exceeding one year is $294.8 million. This amount consists primarily of long-term data licensing contracts
10-Q for Q ended Sep 30, 2024, Note 3 Revenue
We expect to recognize $30.5 million in the remainder of 2024, $121.1 million in 2025, $116.0 million in 2026, and the remaining thereafter
10-Q for Q ended Sep 30, 2024, Note 3 Revenue
AI Products Identified (Ring 1)
Reddit Data API (data 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
DerivedCalculated from reported segments primarily serving AI