Reddit, a privately owned company headquartered in the US, was founded in 2005 and employs approximately 2970 individuals. Its main product is social networking platforms, operating as a tier 1 media tech buyer. The platform enables users to submit, vote, and comment on content, stories, and discussions focused on diverse topics.
On September 11, 2026, Reddit shares jumped over 6% following a Piper Sandler report that showed an 8% month-over-month user expansion in August, marking the highest monthly growth rate for 2026. This surge also reflected an 18% year-over-year total audience expansion in August, a significant increase from July’s 12.8%. Previously, on September 10, a report detailed Reddit’s August user increase, which was primarily driven by Feed users, with international users surging 29%. While U.S. users saw a 5.2% increase in August, growth in this segment continued to decelerate. The company had crossed 500 million weekly active uniques (WAUq) in Q2, a 24% rise year over year.
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