In 2023, the advertising revenues generated by Reddit Inc. amounted to approximately 788.8 million U.S. dollars. In 2023, Reddit advertising revenues made up approximately 98 percent of the company's revenues. In February 2024, industry sources reported that Reddit was entering a deal to license its content to a major AI company for 60 million U.S. dollars - allowing the platform to capitalize its user-generated content and possibly add a new revenue segment in the next years.
Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment
(in million U.S. dollars)
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Reddit. (February 22, 2024). Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/
Reddit. "Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment (in million U.S. dollars)." Chart. February 22, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/
Reddit. (2024). Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/
Reddit. "Annual Revenue Generated by Reddit Inc. in 2022 and 2023, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/
Reddit, Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/ (last visited November 21, 2024)
Annual revenue generated by Reddit Inc. in 2022 and 2023, by segment (in million U.S. dollars) [Graph], Reddit, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/1453086/annual-revenue-revenue-by-segment/
