8-K filed Feb 5, 2026
Reddit authorizes $1B for stock buybacks
“Reddit’s Board of Directors authorized repurchase program of up to $1 billion of Class A common stock”
From Reddit’s 8-K filed Feb 5, 2026 · read the filing · all documents
How big is it?
Reddit bought back $240M of stock in the twelve months to Jun 30, 2026. At that pace, $1.0B covers about 4.2 years of buybacks.
The amount equals 98% of its free cash flow over the same twelve months ($1.0B).
Its diluted share count is up 1.3% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q1 '25 | $0 |
| Q2 '25 | $0 |
| Q3 '25 | $0 |
| Q4 '25 | $0 |
| Q1 '26 | $5M |
| Q2 '26 | $234.6M |