Social Platform Loses 1.8 Trillion Won in a Day Despite Earnings and Buyback Announcement

Shares of Reddit Inc. (NASDAQ: RDDT) closed at $139.89 on the New York Stock Exchange on the 6th, down 7.58%, wiping out roughly $1.36 billion in market capitalization (about KRW 1.8 trillion). Trading volume exceeded 12.4 million shares, and despite the steep drop, the company’s market cap remains around $19.3 billion (roughly KRW 25 trillion).

After markets closed on the 5th, Reddit reported fourth-quarter 2025 results, with revenue of $726 million and net income of $252 million, and approved a share repurchase program of up to $1 billion (about KRW 1.3 trillion). Nonetheless, analysts note the stock is already down more than 30% year-to-date, suggesting a continued correction.

Founded in the United States in 2005 as an online community–based social platform, Reddit went public on the NYSE in March 2024 and has since expanded its advertising and data-licensing businesses, earning a growth-stock premium.