Reddit, traded on the NYSE under the symbol RDDT, operates one of the world’s largest online community platforms where registered users can submit content, share links, and engage in threaded discussions across topic-focused “subreddits.” The company generates revenue primarily through advertising solutions, including promoted posts and display ads, as well as premium membership offerings such as Reddit Premium, which provides an ad-free experience and other community incentives. Additionally, Reddit has explored data licensing partnerships to leverage its vast user-generated content for market research and trend analysis.
Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit began as part of the inaugural class of the Y Combinator startup accelerator. In 2006, it became a subsidiary of Conde Nast Publications and later spun out as an independent entity under Advance Publications. Over the years, the platform has undergone multiple funding rounds and product iterations, with a strong emphasis on community moderation tools, mobile app enhancements, and live audio conversations. In March 2023, Reddit completed its initial public offering, transitioning from a privately held company to a publicly traded enterprise.
Reddit serves a global audience, with major user bases in the United States, Canada, the United Kingdom, and parts of Europe and Asia. Its localized communities cover a broad array of interests—from technology and gaming to news, sports, and niche hobbies—enabling advertisers to reach highly targeted demographics. The platform supports multiple languages and continues to invest in infrastructure that enhances content discovery and community safety across regions.
Leadership at Reddit is headed by co-founder and Chief Executive Officer Steve Huffman, who has overseen product development and community governance initiatives since returning to the company in 2015. Under his direction, Reddit has prioritized transparency in moderation policies, the rollout of new monetization features for community creators, and expanded partnerships with brands and media organizations seeking to engage with Reddit’s active user base.