Filing Flows › Reddit (RDDT) › Q3 2025
Reddit (RDDT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Reddit (RDDT) reported revenue of $585M for the third quarter 2025 (Q3 2025), +68% from a year earlier and +17% from the quarter before. Operating margin was 23.7%, net earnings $163M (27.8% of revenue).
Reddit, Q3 2025: revenue $585M (+68% year over year), operating margin 23.7%, net earnings $163M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $585M | +17% | +68% |
| Operating profit | $139M | +105% | 20× |
| Net earnings | $163M | +82% | +445% |
| Operating cash flow | $185M | +66% | +159% |
| Free cash flow | $183M | — | +161% |
What changed
Revenue was $584.9M in Q3 2025, up 68% year over year and up 17% from the previous quarter. Advertising revenue was the largest line at 94% of revenue. Advertising revenue added $234.2M year over year (up 74%), 99% of the total change.
Operating profit was $138.5M, a 23.7% margin (up 21.7 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 2% margin then. Total costs grew 31% against revenue growth of 68%. The fastest-growing cost line was Sales & marketing (+73%). Net earnings were $162.7M, up 445% year over year. The effective tax rate was -1.3%.
Operating cash flow was $185.2M (up 159% year over year), 114% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $83.5M of share-based compensation. Working capital and other items used $64.9M. After purchases of property and equipment ($2.1M), free cash flow as the company reports it was $183.1M.
Questions
What was Reddit's revenue in the third quarter 2025?
Reddit (RDDT) reported revenue of $585M for the third quarter 2025 (Q3 2025), +68% from a year earlier and +17% from the quarter before.
Was Reddit profitable in the third quarter 2025?
Operating profit was $139M (23.7% of revenue) and net earnings $163M.
Source: Reddit 10-Q on SEC EDGAR.