Reddit Inc. (NYSE: RDDT) reported fourth quarter revenue of $726 million, representing a 70% increase from the same period last year. Full year 2025 revenue reached $2.2 billion, up 69% year-over-year.

The social media platform posted net income of $252 million for the fourth quarter, compared to $71 million in the prior year period. For the full year, net income was $530 million versus a loss of $484 million in 2024.

Daily active users increased 19% year-over-year to 121.4 million in the fourth quarter. The company's adjusted EBITDA for the quarter was $327 million, representing a 45% margin.

Reddit's board authorized a new share repurchase program allowing the company to buy back up to $1 billion of Class A common stock. The program has no expiration date and may be suspended at the company's discretion.

Fourth quarter advertising revenue grew 75% year-over-year to $690 million, while other revenue increased 8% to $36 million. The company maintained a gross margin of 91.9% for the quarter.

For the first quarter of 2026, Reddit estimates revenue between $595 million and $605 million, with adjusted EBITDA projected at $210 million to $220 million.

The company generated $267 million in operating cash flow during the fourth quarter and $264 million in free cash flow. Full year operating cash flow reached $691 million.