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Reddit's Q4 Revenue Soars 70%, Announces $1 Billion Buyback

2/6/2026

48 10 Full Breakdown

Summary

Story summary

February 5, 2026, Reddit reported Q4 revenue of $726 million, up 70% year over year, and net income of $252 million, up 255%.
Reddit announced a $1 billion share buyback.
U.S. logged-in user growth slowed to 5% for sixth consecutive quarter.
CEO Steve Huffman said Reddit will phase out reporting on logged-in and logged-out users.
The company forecast first-quarter revenue between $595 million and $605 million, exceeding Wall Street expectations.

History

Historical Context

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit quickly evolved into a major social media platform, attracting significant investments, including a $250 million funding round in 2021 that valued it at $6 billion. By 2023, Reddit reported $726 million in revenue, reflecting its adaptation to changing digital advertising strategies and the competitive tech landscape, as it prepares for a potential IPO.

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Story summary

February 5, 2026, Reddit reported Q4 revenue of $726 million, up 70% year over year, and net income of $252 million, up 255%.
Reddit announced a $1 billion share buyback.
U.S. logged-in user growth slowed to 5% for sixth consecutive quarter.
CEO Steve Huffman said Reddit will phase out reporting on logged-in and logged-out users.
The company forecast first-quarter revenue between $595 million and $605 million, exceeding Wall Street expectations.

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