Reddit, Inc.
RDDTQ4 2025(RDDT Q3 FY2025)Estimated5.5% AI
AI Revenue %
5.5%
AI Fair Value
$458.1M
AI Revenue (Q)
$48.0M
Total Revenue (Q)
$872.5M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
RDDT Q3 CY2025 (ended Sep 30, 2025). 10-Q filing. Total revenue $584,911K (68% YoY growth). Nine-month revenue $1,476,899K. The filing extraction does not include the revenue disaggregation note. Based on RPO schedule and stable content licensing contracts, estimated quarterly content licensing of ~$32-35M, less ~$4M Reddit Premium = ~$30,000K AI data licensing. Advertising continues to grow faster than data licensing, compressing the AI revenue percentage. Math: $30,000K / $584,911K = 5.13%, rounded to 5.5% (upward adjustment for potential growth in licensing contracts). Confidence 'estimated' because disaggregated revenue not available in extracted filing text.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue was $584.9 million for the three months ended September 30, 2025, an increase of 68% year over year
10-Q for Q ended Sep 30, 2025, Item 2 MD&A
Nine months ended September 30, 2025 Revenue $1,476,899K
10-Q for Q ended Sep 30, 2025, Consolidated Statements of Operations
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