Reddit Q4 2025 earnings: 75% ad revenue growth, SMB revenue doubles

February 6, 2026

Reddit reported its Q4 2025 earnings last night: The company's Q4 performance exceeded analyst expectations on both revenue and earnings, with revenue guidance of between $595MM to $605MM for Q1 2026 exceeding expectations. Reddit also announced a $1BN share buyback program. Reddit's US ARPU growth once again exceeded global ARPU growth. In its shareholder letter, the company […]

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