Reddit Set to Join Russell® 3000 Index
SAN FRANCISCO--(BUSINESS WIRE)--May 28, 2025--
Reddit, Inc. (NYSE: RDDT) is set to join the broad-market, widely held Russell indexes later this quarter. Reddit debuted on the public markets in March 2024 as RDDT and remains one of the most visited websites in the world. Reddit retains an important position in the data and AI landscape with 100,000+ communities about nearly any topic and the largest corpus of human conversation on the internet today.
As part of the recent 2025 Russell indexes reconstitution, a preliminary list of additions including Reddit was posted on May 23, 2025. Reddit will be added to the Russell 3000 index at the close of business June 27, 2025. In addition, Reddit will also be automatically added to either the Russell 2000 or Russell 1000 index. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
'Being included in the Russell index is a meaningful milestone for Reddit. It puts us in good company and is a testimony to the platform we've built with our communities,' said Steve Huffman, Co-Founder and CEO of Reddit. 'As we grow, we aim to join other leading indexes and believe Reddit's unique strengths—our communities, content, and culture—position us well for the road ahead.'
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website.
About Reddit
Reddit is a community of communities. It's built on shared interests, passion, and trust and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and 108+ million daily active unique visitors, Reddit is one of the internet's largest sources of information. For more information, visit www.redditinc.com.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit FTSE Russell.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250527736140/en/
CONTACT: Investor Relations
Jesse Rose
[email protected] Relations
Gina Antonini
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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SOCIAL MEDIA COMMUNICATIONS INTERNET
SOURCE: Reddit, Inc.
Copyright Business Wire 2025.
PUB: 05/28/2025 08:26 AM/DISC: 05/28/2025 08:25 AM
http://www.businesswire.com/news/home/20250527736140/en
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