Reddit, Inc.
RDDTQ1 2026(RDDT Q4 FY2025)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$430.6M
AI Revenue (Q)
$43.6M
Total Revenue (Q)
$872.5M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
RDDT Q4 CY2025 (ended Dec 31, 2025). 10-K filing. FY2025 total revenue $2,202,506K (69% YoY growth from $1,300,205K). Q4 derived: $2,202,506K - $1,476,899K = $725,607K. The 10-K filing extraction includes the segment note but not Note 3 revenue disaggregation. FY2024 Other revenue was $114,749K; with RPO of $114.6M expected in 2025 and $113.2M in 2026, FY2025 content licensing revenue likely ~$130-150M. Subtracting ~$16M/year for Reddit Premium/virtual goods gives ~$120-135M AI data licensing for FY2025. For Q4, advertising is seasonally strongest, so AI licensing as a percentage of total revenue is lowest. Estimated Q4 AI data licensing ~$35,000K. Math: $35,000K / $725,607K = 4.82%, rounded to 5.0%. The 10-K now refers to 'content licensing' rather than 'data licensing,' and the strategies section mentions expanding 'revenue from non-advertising sources, like content licensing.' Q4 is seasonally the weakest quarter for AI % due to holiday advertising surge.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $2,202,506K (FY2025); $1,300,205K (FY2024); $804,029K (FY2023)
10-K for year ended Dec 31, 2025, Segment Note
strategies to expand revenue from non-advertising sources, like content licensing
10-K for year ended Dec 31, 2025, Forward-Looking Statements
On February 4, 2026, our Board of Directors authorized a share repurchase program to purchase up to $1.0 billion of our Class A common stock
10-K for year ended Dec 31, 2025, Note 18 Subsequent Events
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