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CORRESP
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 filename1.htm

 Ran D. Ben-Tzur

 rbentzur@fenwick.com | 650.335.7613

 April 6, 2026

 VIA EDGAR

 U.S. Securities and Exchange Commission

 Division of Corporation Finance

 Office of Technology

 100 F Street, NE

 Washington, DC 20549

 Attention:
 Mr. Joseph
 Cascarano

 Mr. Robert Littlepage

 Re:
 Reddit, Inc.

 Form 10-K for the Fiscal Year Ended December 31,
 2025

 Filed February 6, 2026

 File No. 001-41983

 Ladies and Gentlemen:

 On behalf of Reddit, Inc.
(the " Company "), in this letter, we respond to the comments of the staff (the " Staff ")
of the U.S. Securities and Exchange Commission contained in the Staff's letter dated March 31, 2026 (the " Letter ").
The numbered paragraphs below correspond to the numbered comments in the Letter, and the Staff's comments are presented in bold
italics. The Company has considered each of these disclosures carefully in light of the Staff's comments and addressed them as
set forth in the responses below.

 Form 10-K for the Fiscal Year Ended December 31,
2025

 Management's Discussion and Analysis of Financial Condition
and Results of Operations

 Results of Operations, page 59

 1. We note your discussion
 of financial results and that you attribute the increase in revenues to an "increase
 in impressions delivered and to a lesser extent, an increase in pricing." Please revise
 to further describe material changes to a line item for the underlying reasons for such changes
 in both quantitative and qualitative terms, including the impact of offsetting factors. For
 example, because "impressions delivered" is identified as your primary growth
 driver, please quantify, discuss, and analyze the increase in impressions in greater detail.
 In this regard, we also note your most recent earnings call in which you state that revenue
 growth was driven by several factors, such as full-funnel ad strength, machine learning-powered
 efficiency, expanding advertiser adoption, diversified vertical/geographic momentum, as well
 as impression growth. Please reconcile these disclosures with your MD&A analysis and
 tell us your consideration for discussing and quantifying these earnings call factors in
 your filings. Please provide us with an example of the expanded disclosure. Refer to Item
 303(b) and (c) of Regulation S-K.

 United States Securities and Exchange Commission

 Division of Corporation Finance

 April 6, 2026

 Page 2

 The Company acknowledges
the Staff's comment and respectfully advises the Staff that it will revise future filings, beginning with its Form 10-Q for
the three months ended March 31, 2026 (" Q1 2026 Form 10-Q "), to provide additional quantitative and
qualitative disclosures regarding the factors underlying changes in revenue.

 In response to the Staff's
request, the Company proposes to expand its discussion of revenue in Management's Discussion and Analysis of Financial Condition
and Results of Operations (" MD&A ") to include additional quantitative and qualitative information, as shown
in the following proposed disclosure, regarding key drivers of revenue growth in the relevant period. Below is an example of such expanded
disclosure using 2025 figures.

 "Revenue for the year
ended December 31, 2025 increased by $902.3 million, or 69%, compared to the prior year. The growth in revenue was primarily due
to an increase in advertising revenue of $877.0 million, or 74%, as compared to the prior year driven primarily by an increase in impressions
delivered and to a lesser extent, an increase in pricing. During the year ended December 31, 2025, ad impressions delivered increased
by approximately 47% compared to the prior year driven in part by ad load optimization and improvements, including new ad formats, and
by increases in the number of users and user engagement. For more information regarding increases in the number of users, see "-Key
Financial and Operating Metrics-Trends in User Metrics." During the year ended December 31, 2025, the price of ads increased
by approximately 18% compared to the prior year driven by higher advertiser demand and performance across the full funnel of ad objectives.
In addition, other revenue increased by $25.3 million, or 22%, compared to the prior year as a result of content licensing agreements
executed in 2024 and 2025.

 Revenue in the United States
for the year ended December 31, 2025 increased by $722.0 million, or 68%, compared to the prior year. Revenue in the rest of world
for the year ended December 31, 2025 increased by $180.3 million, or 76%, compared to the prior year. Revenue growth for both geographies
was driven by the factors described above. The growth in revenue in the rest of world was also due to our focus on, among other factors,
internationalization, including through machine translation and improving local content."

 With respect to the Staff's
reference to the Company's discussion of "full-funnel ad strength, machine learning-powered efficiency, expanding advertiser
adoption, and diversified vertical/geographic momentum" on its most recent earnings call, the Company advises the Staff that these
factors were discussed in the earnings call to provide investors with directional and contextual understanding of the Company's
results; however, they are not discrete metrics or inputs used by management to monitor the Company's performance or make operational
decisions. The Company provided additional disclosures in the exemplar above with respect to certain of such factors referenced on the
earnings call which it believes were the primary drivers of revenue growth in the period, and the Company shall continue to provide disclosure
with respect to the primary drivers of revenue growth in future periods. As noted above, the key factors that currently impact revenue
growth are impressions delivered and the price of ads. Additionally, the Company respectfully advises the Staff that the description
of the change in DAUq within "-Key Financial and Operating Metrics-Trends in User Metrics" in the MD&A highlights
some of the reasons for the increase in impressions and the Company's growth strategies, including machine learning.

 United States Securities and Exchange Commission

 Division of Corporation Finance

 April 6, 2026

 Page 3

 The Company further advises
the Staff that it undertakes to evaluate on an ongoing basis whether any factors discussed in MD&A evolve into defined, tracked,
and internally quantified metrics that are used by management in managing its business. If in the future any such factors become material
to understanding the Company's results of operations, the Company will revise its disclosure to include appropriate discussion
and analysis.

 15. Income Taxes, page 92

 2. We note your disclosure
 "that there is a reasonable possibility that sufficient positive evidence may become
 available within the next 18 months to allow us to release a significant portion of the federal
 valuation allowance." We also note that in order to monitor the realizability of the
 deferred tax assets you will need to take into account multiple objective and subjective
 factors. Please tell us your consideration of providing more robust critical accounting policy
 disclosures regarding the various judgments and assumptions made in determining if the deferred
 tax assets will be realizable, including a discussion of the degree of uncertainty associated
 with key assumptions. Such discussion would desirably provide specifics, such as:

 · The minimum amount of taxable income
 you will be required to generate to realize your deferred tax assets, including the jurisdictions
 and time periods in which such income will be required;

 · If realization of your deferred tax
 assets is dependent on material improvements over present levels of consolidated pre-tax
 results, material changes in the present relationship between income reported for financial
 and tax purposes, or material asset sales or other non-routine transactions, describe and
 quantify, to the extent practicable, the assumed future events; and

 · Clarify if your assessment of the
 realizability of your deferred tax assets is based on tax planning strategies and, if applicable,
 describe them.

 Please refer to the guidance in ASC 740-10-30-16 through 30-25 and Item 303(b)(3) of Regulation
 S-K.

 The Company acknowledges
the Staff's comment and respectfully advises the Staff that it will revise future filings, beginning with its Q1 2026 Form 10-Q,
to provide additional clarity around factors used in the Company's valuation allowance assessment. The Company's assessment
of the federal valuation allowance is primarily driven by the Company's U.S. federal deferred tax assets, which include significant
net operating losses and tax credits. As noted in the Company's periodic filings, the Company has had a history of cumulative losses.
However, based on the Company's recent operational performance and current forecasts, the Company expects to achieve a position
of cumulative 12-quarter profitability within the next 12 months when considering profit before taxes plus permanent tax adjustments.
This anticipated profitability represents the primary "positive evidence" that would allow the Company to conclude that it
is "more likely than not" that a significant portion of the Company's U.S. federal deferred tax assets, specifically
the Company's net operating losses and research and development tax credits, will be realized. The Company notes to the Staff that
it is still in a cumulative loss position and estimates of future results may change and, as a result, it still maintains a full valuation
allowance with respect to its deferred tax assets.

 In response to the Staff's
request, the Company proposes to expand its disclosure in the income tax footnote of the consolidated financial statements and in MD&A
in its Q1 2026 Form 10-Q (and in future filings as appropriate) as follows:

 United States Securities and Exchange Commission

 Division of Corporation Finance

 April 6, 2026

 Page 4

 "Given our recent history
of generating net income in the United States, we believe that there is a reasonable possibility that sufficient positive evidence may
become available within the next 12 months to allow us to release a significant portion of the federal valuation allowance. The reversal
would result in a significant income tax benefit in the period when we release it. However, the exact timing and amount of the valuation
allowance release are subject to change based on a number of factors, including but not limited to, the level of profitability (pre-tax
income adjusted for permanent differences) that we are able to accurately forecast, as well as the amount of our tax deductible stock-based
compensation, which is dependent upon our publicly traded share price, and macroeconomic conditions, among other factors."

 The Company also proposes
adding a Critical Accounting Policy to its MD&A in its Q1 2026 Form 10-Q (and in future filings as appropriate) as follows:

 "We account for income
taxes using the asset and liability method. We recognize deferred tax assets and liabilities for temporary differences between the financial
reporting and tax bases of assets and liabilities using the enacted statutory tax rates in effect for the years in which we expect the
differences to reverse. We establish valuation allowances to reduce the total deferred tax assets to the amount we believe is more likely
than not to be realized. In assessing the need for a valuation allowance, we consider all available evidence, both positive and negative,
including past operating results and estimates of future taxable income. Our judgment regarding the timing and amount of the valuation
allowance release is subject to change based on a number of factors, including but not limited to, the level of profitability (pre-tax
income adjusted for permanent differences) that we are able to accurately forecast, as well as the amount of our tax deductible stock-based
compensation, which is dependent upon our publicly traded share price, and macroeconomic conditions, among other factors. In the event
that we change our determination as to the amount of deferred tax assets that can be realized, we will adjust our valuation allowance
with a corresponding impact to the provision for (benefit from) income taxes in the period in which such determination is made."

 As noted above, the Company's
assessment of deferred tax asset realization is based on the Company's existing long-term financial forecasts, which project taxable
income for the current fiscal year and beyond. The Company anticipates it will achieve its sustained profitability through the normal
course of business and does not expect that the realization of its deferred tax assets will be dependent on tax planning strategies,
material improvements over present levels of consolidated pre-tax results, material changes in the present relationship between income
reported for financial and tax purposes, or material asset sales or other non-routine transactions. Accordingly, the Company's
valuation allowance analysis is based on objective, verifiable evidence of recent profitability trends and reasonable projections of
continued profitability, rather than on subjective judgments or assumptions that would warrant enhanced critical accounting policy disclosure.

 *******

 United States Securities and Exchange Commission

 Division of Corporation Finance

 April 6, 2026

 Page 5

 Should the
Staff have additional questions or comments regarding the foregoing, please do not hesitate to contact the undersigned at (650)
335-7613, or, in his absence, Jennifer Hitchcock at (650) 335-7854.

 Sincerely,

 /s/ Ran Ben-Tzur

 Ran Ben-Tzur

 Partner

 FENWICK & WEST LLP

 CC:
 Steven Huffman

 Andrew Vollero

 Benjamin Lee, Esq.

 Reddit, Inc.

 Jennifer Hitchcock, Esq.

 Fenwick & West LLP