Meta Platforms vs Reddit (META vs RDDT)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Meta Platforms is the larger company by revenue ($201.0B vs $2.2B) and market value ($1.9T vs $28.7B). Reddit grew revenue faster in its latest fiscal year (+69.4% vs +22.2%). Meta Platforms runs the higher operating margin (41.4% vs 20.1%). Meta Platforms trades at the lower trailing P/E (28.0x vs 35.0x).
About Meta Platforms
Meta Platforms, Inc. develops technology products that enable people to connect, share, and build communities through mobile devices, personal computers, virtual reality headsets, and AI glasses. Its main offerings include social media apps like Facebook, Instagram, Messenger, Threads, and WhatsApp, as well as virtual reality devices such as Meta Quest and AI-powered wearables like Meta AI glasses. Meta serves individual users, creators, businesses, and advertisers worldwide by providing platforms for communication, content sharing, and digital advertising.
About Reddit
Reddit, Inc. operates Reddit, a global online platform where users join and create communities called subreddits based on shared interests. The platform allows users to engage in conversations, share content, and exchange information across a wide range of topics. Reddit serves individuals seeking authentic discussions and recommendations, as well as publishers, brands, and companies looking to connect with engaged audiences.
Head to head (META FY2025 vs RDDT FY2025)
| Metric | METAFY2025 | RDDTFY2025 |
|---|---|---|
| Revenue | $200.97B | $2.20B |
| Revenue growth (YoY) | 22.2% | 69.4% |
| Gross margin | 82.0% | 91.2% |
| Operating margin | 41.4% | 20.1% |
| Net margin | 30.1% | 24.1% |
| Net income | $60.46B | $529.7M |
| Diluted EPS | $23.49 | $2.62 |
| FCF margin | 22.9% | 31.1% |
| ROE | 27.8% | 18.1% |
| Long-term debt / equity | 0.27× | — |
| Market cap | $1.88T | $28.66B |
| P/E | 28.0× | 35.0× |
Fundamentals are from each company’s SEC filings (META FY2025, RDDT FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| META by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $117.93B | $116.61B | $134.90B | $164.50B | $200.97B |
| Net income | $39.37B | $23.20B | $39.10B | $62.36B | $60.46B |
| Operating margin | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% |
| RDDT by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $666.7M | $804.0M | $1.30B | $2.20B |
| Net income | $-158.6M | $-90.8M | $-484.3M | $529.7M |
| Operating margin | -25.8% | -17.4% | -43.1% | 20.1% |
Meta Platforms and Reddit use different fiscal calendars (META's FY2025 ended 2025-12-31, RDDT's FY2025 ended 2025-12-31), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 331 software companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | META | RDDT |
|---|---|---|
| Gross margin | 82.0%89th percentile of 264 | 91.2%Highest of 264 |
| Operating margin | 41.4%97th percentile of 302 | 20.1%84th percentile of 302 |
| Net margin | 30.1%92nd percentile of 306 | 24.1%88th percentile of 306 |
| FCF margin | 22.9%71st percentile of 284 | 31.1%88th percentile of 284 |
| Revenue growth (YoY) | +22.2%76th percentile of 324 | +69.4%94th percentile of 324 |
| ROE | 27.8%86th percentile of 285 | 18.1%77th percentile of 285 |
| P/E | 28.0×54th percentile of 169 | 35.0×61st percentile of 169 |
| Short interest (days to cover) | 1.57d17th percentile of 328 | 4.37d57th percentile of 328 |
Short interest
| FINRA settlement data | META | RDDT |
|---|---|---|
| Shares sold short | 31.0M | 19.9M |
| Change vs prior settlement | +7.6% | -1.9% |
| Days to cover | 1.57 | 4.37 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | META | RDDT |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 98 ($101.8M) | 80 ($49.3M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
12 tracked 13F managers hold both Meta Platforms and Reddit as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, Coatue Management, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Soros Fund Management, Tiger Global Management, Viking Global Investors. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.