Reddit reports strong Q4 earnings.
[https://investor.redditinc.com/financials/quarterly-results/default.aspx](https://investor.redditinc.com/financials/quarterly-results/default.aspx)
Revenue was $726 million, an increase of 70% year-over-year
Gross margin was 91.9%, as compared to 92.6% in the prior year
Net income was $252 million and net margin was 35%, an improvement of $181 million from the prior year
Adjusted EBITDA was $327 million and Adjusted EBITDA margin was 45%, an improvement of
$173 million from the prior year
Operating cash flow was $267 million, an improvement of $177 million from the prior year
Free Cash Flow was $264 million, an improvement of $174 million from the prior year
Basic and diluted earnings per share were $1.32 and $1.24, respectively
Capital expenditures were $3.2 million, 0.4% of revenue
Cash, cash equivalents, and marketable securities were $2.48 billion as of December 31, 2025