Reddit (RDDT)
Communication Services · Community-driven social media and AI training data
Reddit is a community-first social platform monetizing through targeted advertising to highly-engaged users and licensing its 22-billion-comment conversational corpus to AI developers.
What Reddit does
Reddit is a global community-driven social platform where users join over 100,000 subreddits to engage in discussions, share content, and seek authentic perspectives and recommendations on virtually any topic. The platform monetizes through advertising targeted at highly engaged users seeking trusted information and product recommendations, while also licensing its vast corpus of conversational data (over 2 billion posts and 22 billion comments) to AI/LLM developers. Revenue is generated primarily from advertising and API licensing partnerships with emerging models and enterprises.
Themes: ["AI training data / LLM infrastructure","Social media / community engagement","Digital advertising","Conversational intelligence / social listening","User-generated content"]
Fundamentals
- Price$200.31 as of 2026-07-09 close
- Market cap$38.6B as of 2026-07-10
- 1-year return+37.5% as of 2026-07-09 close
- P/E54.50 as of 2026-07-10
- Net margin+28.6% as of 2026-07-10
- Gross margin+91.4% as of 2026-07-10
- ROE+25.5% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+70.6% as of 2026-07-10
- Revenue CAGR (3y)+48.9% SEC XBRL
- Beta2.23 as of 2026-07-10
Key risks (from latest filing)
["Dependence on advertising revenue concentrated in the US market where monetization is more advanced, creating vulnerability to advertiser spending cycles and competition from larger ad platforms","User growth deceleration evident in declining YoY DAUq growth rate (from 51% to 17% over recent quarters), potentially limiting revenue expansion from core platform engagement","Regulatory and legal risks around data licensing, content moderation at scale across 100,000+ communities, and potential restrictions on AI training data usage"]
Competitors & peers
- Meta Platforms (META)
- X / Twitter
- Discord
- Nextdoor
- Quora
- Stack Overflow
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.