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Reddit went public on March 21, 2024, on the New York Stock Exchange under the ticker RDDT at an IPO price of $34 per share, giving it an initial valuation of approximately $6.4 billion. Since then, the company has grown significantly reaching a market cap of $49 billion in September 2025 and posting its first full year of profitability on the same year.
Reddit filed to go public in 2021, aiming for a valuation of $15 billion dollars at that time. During that year, the coronavirus pandemic reached its peak, creating a nation of “armchair traders”. As a result, interest in online forums such as Reddit skyrocketed. Reddit’s investing forum WallStreetBets became the platform driving the meme stock market frenzy that included relatively obscure stocks such as GameStop and AMC.
In February 2021 and at the height of the meme stock frenzy, Reddit’s value doubled to $6 billion from a year earlier. Six months later, in August 2021 Reddit was valued at $10 billion in a private fundraising round.
| Founded | 2005 |
| Headquarters | San Francisco, California, United States |
| Number of employees | 2,233 |
| Revenue 2025 | $2.2 billion |
| Stock Exchange | New York Stock Exchange |
| Market Cap (April 2026) | $30 billion |
Reddit was founded in 2005 by the University of Virginia roommates Steve Huffman and Alexis Ohanian. In 2006 it was sold to global media company Conde Nast, which owned it until 2011 when it became “an independent subsidiary” of Advanced Publications, the company that owns Conde Nast.
In 2022, it had around 52 million daily active users across 100,000 online communities and 1.7 billion global monthly visitors. The self-declared ‘front page of the internet’ contains a massive collection of forums where people can share news and content or comment on other people’s posts.
Reddit has a young demographic — The biggest age group is people between 18-29 years old. In 2022 Reddit ranked as the 20th most visited website in the world. In 2026, Reddit was the 6th most visited website in the world.
Reddit generates revenue primarily through advertising, premium subscriptions, and data licensing. In 2025, Reddit signed several major AI data licensing deals, adding a growing "other revenue" stream alongside its core ads business.
Reddit's financial performance since going public has been impressive. In 2024, the company generated $1.3 billion in total revenue, a 62% year-over-year increase, while reporting a net loss of $484.3 million, largely due to IPO-related costs. 2025 saw Reddit achieve full-year profitability for the first time, posting $530 million in net income.
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The data is sourced from third-party providers. This information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. It has been prepared without taking your objectives, financial situation, or needs into account. Any references to past performance and forecasts are not reliable indicators of future results. Axi makes no representation and assumes no liability regarding the accuracy and completeness of the content in this publication. Readers should seek their own advice.
