About Reddit
Reddit is a company based in San Francisco (United States) founded in 2005 by Aaron Swartz and Steve Huffman. It operates as a Advertising Model and Freemium. Reddit has raised $1.21 billion across 6 funding rounds from investors including Fidelity Investments, Tencent and Andreessen Horowitz. The company has 2,230 employees as of December 31, 2024. Reddit offers products and services including Reddit Platform. Reddit operates in a competitive market with competitors including FANDOM, Amino Apps, Whisper, Ranker and Tapatalk, among others.
- Headquarter San Francisco, United States
- Employees 2230 as on 31 Dec, 2024
- Founders Aaron Swartz, Steve Huffman
- Stage Public
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Reddit, Inc.
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Annual Revenue
$1.3 B (USD)61.71as on Dec 31, 2024
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Net Profit
-$484.28 M (USD)-433.2as on Dec 31, 2024
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EBITDA
-$544.92 M (USD)-330.91as on Dec 31, 2024
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Total Equity Funding
$1.21 B (USD)
in 6 rounds
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Latest Funding Round
$410 M (USD), Series F
Aug 01, 2021
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Investors
Fidelity Investments
& 17 more
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Employee Count
2230
as on Dec 31, 2024
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IPO & Listings of Reddit
Reddit is a publicly listed company on the NYSE with ticker symbol RDDT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Reddit
Reddit offers a comprehensive portfolio of products and services, including Reddit Platform.
A platform for community discussions and content sharing.
People of Reddit
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Senior Team
74 people
Software Development Team
48 people
Product Management Team
44 people
Sales and Marketing
35 people
Data Analysis and Operations Team
30 people
Finance and Accounting
23 people
Legal and Compliance
17 people
Leadership Team
14 people
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Funding Insights of Reddit
Reddit has successfully raised a total of $1.21B across 6 strategic funding rounds. The most recent funding activity was a Series F round of $410 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Reddit
Reddit has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Tencent and Andreessen Horowitz.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Sequoia Capital is engaged in venture capital investments.
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Provider of an investment platform for various stages
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Investor details for Reddit
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Reddit
Investment portfolio details for Reddit
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Financial Statements - Reddit
Detailed financials for Reddit
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Reddit Comparisons
Peer comparison for Reddit
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Competitors of Reddit
Reddit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FANDOM, Amino Apps, Whisper, Ranker and Tapatalk, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online social platform for media enthusiasts
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Online interest-based communities are enabled for user engagement.
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An underground music label is operated for growing talent.
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Provides crowdourced rankings of various things
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Interest-based discussions from online forums are aggregated for user engagement.
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Detailed competitors of Reddit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Reddit
Complete news archive for Reddit
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Frequently Asked Questions about Reddit
Reddit was founded in 2005.
Reddit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Steve Huffman is the current CEO of Reddit. They have also founded this company.
Reddit is a funded company, having raised a total of $1.21B across 6 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Reddit is 2,230.
Annual revenue of Reddit is $1.3B as on Dec 31, 2024.
Reddit is managed as a leading social media platform where millions of users engage daily in thousands of communities. Content is shared through posts, comments, and votes across diverse topics like news, sports, and entertainment. The platform is designed to foster authentic human connection and endless conversation. Various interests are catered to, ensuring a space for every user. Tools for publishers and community features are continuously developed to enhance user experience.
Reddit's top competitors include FANDOM, Amino Apps and Whisper.
Reddit offers Reddit Platform.
Yes, Reddit is publicly traded on NYSE under the ticker symbol RDDT.
Reddit has 18 investors. Key investors include Fidelity Investments, Tencent, Andreessen Horowitz, Sequoia Capital, and Sam Altman.
The ticker symbol of Reddit is RDDT on NYSE.