Reddit, Inc.
RDDTQ1 2025(RDDT Q4 FY2024)Derived6.8% AI
AI Revenue %
6.8%
AI Fair Value
$794.7M
AI Revenue (Q)
$37.7M
Total Revenue (Q)
$554.3M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
RDDT Q4 CY2024 (ended Dec 31, 2024). 10-K filing. FY2024: Advertising $1,185,456K, Other revenue $114,749K, Total $1,300,205K. Q4 derived: Total $1,300,205K - $872,498K (9mo) = $427,707K. Q4 Advertising: $1,185,456K - $790,911K = $394,545K. Q4 Other revenue: $114,749K - $81,587K = $33,162K. Note the 10-K now uses 'content licensing contracts' instead of 'data licensing contracts.' Remaining performance obligations $252.9M, with $114.6M in 2025, $113.2M in 2026, $25.1M in 2027. Reddit Premium/virtual goods ~$4,000K/quarter. Estimated AI data licensing: $33,162K - $4,000K = ~$29,162K. Math: $29,162K / $427,707K = 6.82%, rounded to 6.8%. The lower percentage vs Q2-Q3 reflects Q4 seasonal strength in advertising ($394.5M) while data licensing remained relatively flat.
Analyzed by claude-opus-4-6
Quoted Figures
Advertising revenue $1,185,456K; Other revenue $114,749K; Total revenue $1,300,205K (FY2024)
10-K for year ended Dec 31, 2024, Note 3 Revenue, disaggregated by source
Advertising revenue $788,782K; Other revenue $15,247K; Total revenue $804,029K (FY2023)
10-K for year ended Dec 31, 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 $252.9 million. This amount consists primarily of long-term content licensing contracts
10-K for year ended Dec 31, 2024, Note 3 Revenue
We expect to recognize $114.6 million in 2025, $113.2 million in 2026, and $25.1 million in 2027
10-K for year ended Dec 31, 2024, Note 3 Revenue
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
DerivedCalculated from reported segments primarily serving AI