Reddit: Impressive Growth in Weekly Users & Average Revenue Per User

Source: February 6, 2026 – 10-K: Annual Report for year ending December 31, 2025
Source: February 6, 2026 – 10-K: Annual Report for year ending December 31, 2025


I am still somewhat miffed with the market’s response to Reddit’s superb Q425 and FY25 results last week. Q4 Revenue grew 70% year-over-year to $726 million. 2025 Revenue grew 69% to $2.2 billion. Those are impressive growth figures that few companies will have matched or exceeded.

While analysts have pointed to aspects such as a declining trend in the time users spend on Reddit, it seems quite clear to me that Reddit is growing strongly in the areas that matter, such as regular user visits and increasingly profitable revenue generated from those visitors.

With the share price currently at $149.88, like analyst Andrew Boone of Citizens JMP I am still forecasting $300+ in H1 2026.

Reddit: Impressive Growth in Weekly Users & Average Revenue Per User
by u/_DoubleBubbler_ in DoubleBubbler

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