Reddit announced a superb set of Q3 2025 results yesterday, with a significant beat on revenue and earnings per share together with strong growth in international users. Here is a summary of the results and attached below is a screenshot of Reddit CEO, Steve Huffman answering my question in the subsequent earnings call.
– Daily Active Uniques (āDAUqā) increased 19% year-over-year to 116.0 million
– Revenue grew 68% year-over-year to $585 million
– Gross margin expanded year-over-year to 91.0%
– Net income of $163 million, 28% of revenue. Diluted EPS of $0.80
– Adjusted EBITDA1 of $236 million, 40% of revenue
– Operating cash flow of $185 million
– Fully diluted shares of 206.1 million, down both sequentially and year-over-year
Based on this I reconfirmed my forecast for the share price to exceed $300 in H1 2026.
