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Reddit operates as a social news aggregation, web content rating, and discussion platform, enabling its registered users to submit posts, such as links or text, which are then voted up or down by other members. This collective curation mechanism allows for the organic surfacing of popular content and facilitates engagement within a multitude of user-created communities, known as subreddits, across diverse subjects.
The company was co-founded in June 2005 by Steve Huffman and Alexis Ohanian, who both attended the University of Virginia and studied computer science. Their foundational insight was to create a platform where content was democratically ranked by users, providing a more community-driven and authentic online experience compared to traditional media outlets.
Reddit serves a global user base looking for specialized communities, real-time discussions, and information curated by peers on nearly every conceivable topic. The company’s vision centers on bringing community and belonging to everyone in the world, empowering these groups to share knowledge and foster connections through their unique platform.
Reddit, Inc. has raised $800K across 1 funding round.
Key people at Reddit, Inc..
Reddit, Inc. has raised $800K in total across 1 funding round.
Reddit, Inc. (NYSE: RDDT) is a social news aggregation and discussion platform that hosts over 100,000 active communities where users—known as "redditors"—submit, vote on, and discuss content like links, text, photos, and videos.[2][4] It serves a global audience of 116 million daily active uniques (DAUq) as of Q3 2025, up 19% year-over-year, solving the problem of fragmented online discourse by fostering niche, interest-based communities powered by user moderation and authentic conversations.[3][4][5] The company generates revenue primarily through advertising ($465 million in Q2 2025, up 84% YoY) and premium memberships, achieving strong growth with Q2 revenue at $500 million (78% YoY increase), Q3 at $585 million (68% YoY), net income of $89 million in Q2, and robust free cash flow.[1][5]
Reddit's growth momentum is evident in user expansion (110 million DAUq in Q2, 21% YoY), international reach via machine translation in 23 languages, and profitability milestones like 33% adjusted EBITDA margin in Q2, positioning it as a key player in authentic, community-driven content amid rising demand for real-time information.[1][4]
Reddit was founded in June 2005 by Steve Huffman and Alexis Ohanian, along with Aaron Swartz, as a simple link-sharing site inspired by the duo's frustration with existing forums during a college project at the University of Virginia.[2] Huffman, now CEO, and Ohanian bootstrapped early traction by seeding content themselves, quickly gaining popularity for its upvote/downvote system that surfaced the best discussions—what became the "front page of the internet."[2]
Pivotal moments included its 2006 acquisition by Condé Nast, a 2011 spin-off into an independent entity under Yishan Wong (who raised $50 million and integrated Bitcoin payments), and turbulence in 2014-2015 when interim CEO Ellen Pao faced backlash over moderation policies and staff firings, leading to her resignation and a refined anti-harassment stance.[2] Huffman returned as CEO in 2015, steering Reddit public in 2024 with a focus on monetization and global scale; by 2025, leadership includes CTO Chris Slowe and COO Jen Wong.[2]
Reddit rides the wave of decentralized, user-owned content in an era of AI-driven misinformation and Big Tech fatigue, positioning itself as a trusted source for authentic conversations amid trends like search disruption (e.g., via community insights) and international digital expansion.[1][2][4] Timing is ideal post-IPO in 2024, with market forces like ad tech recovery and non-English internet growth (Asia, Europe, Latin America) fueling 68-78% revenue surges.[1][5]
It influences the ecosystem by powering AI training data (via past deals), shaping public discourse on everything from politics to tech, and democratizing information access—its 116 million DAUq rivals major platforms while fostering creator economies through awards and moderation tools.[2][4][5]
Reddit's trajectory points to sustained hypergrowth, with Q3 2025 guidance implying 54-56% revenue expansion into FY2026, fueled by international flywheels, AI-personalized search, and ad platform maturation—analysts project $4.27 EPS for FY2025 despite valuation debates.[1] Emerging trends like multimodal AI integration and deeper e-commerce within communities could elevate it beyond forums into a full knowledge commerce hub, potentially doubling DAUq as translation scales.
As the enduring "community of communities," Reddit exemplifies how user passion scales into billion-dollar enterprises, priming it to redefine social media's front page for the next decade.[4]
Key people at Reddit, Inc..
Reddit, Inc. has raised $800K across 1 funding round. Most recently, it raised $800K Unknown - Seed in December 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 22, 2025 | $800K Seed | — | — | Announced |
Reddit, Inc. has raised $800K in total across 1 funding round.
