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Side-by-side financial comparison of Reddit, Inc. (RDDT) and VEON Ltd. (VEON). Click either name above to swap in a different company.

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $725.6M, roughly 1.5× Reddit, Inc.). VEON Ltd. runs the higher net margin — 55.9% vs 34.7%, a 21.3% gap on every dollar of revenue. On growth, Reddit, Inc. posted the faster year-over-year revenue change (69.7% vs 5.8%).

Reddit is an American proprietary social news aggregation and forum social media platform. Registered users submit content to the site such as links, text posts, images, and videos, which are then voted up or down by other members. Posts are organized by subject into user-created boards called "subreddits". Submissions with more upvotes appear towards the top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page. Reddit administrators moderate the communi...

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

RDDT vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.5× larger
VEON
$1.1B
$725.6M
RDDT
Growing faster (revenue YoY)
RDDT
RDDT
+63.8% gap
RDDT
69.7%
5.8%
VEON
Higher net margin
VEON
VEON
21.3% more per $
VEON
55.9%
34.7%
RDDT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
RDDT
RDDT
VEON
VEON
Revenue
$725.6M
$1.1B
Net Profit
$251.6M
$608.0M
Gross Margin
91.9%
Operating Margin
31.9%
75.4%
Net Margin
34.7%
55.9%
Revenue YoY
69.7%
5.8%
Net Profit YoY
254.2%
583.1%
EPS (diluted)
$1.24
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RDDT
RDDT
VEON
VEON
Q4 25
$725.6M
Q3 25
$584.9M
Q2 25
$499.6M
$1.1B
Q1 25
$392.4M
Q4 24
$427.7M
Q3 24
$348.4M
Q2 24
$281.2M
$1.0B
Q1 24
$243.0M
Net Profit
RDDT
RDDT
VEON
VEON
Q4 25
$251.6M
Q3 25
$162.7M
Q2 25
$89.3M
$608.0M
Q1 25
$26.2M
Q4 24
$71.0M
Q3 24
$29.9M
Q2 24
$-10.1M
$89.0M
Q1 24
$-575.1M
Gross Margin
RDDT
RDDT
VEON
VEON
Q4 25
91.9%
Q3 25
91.0%
Q2 25
90.8%
Q1 25
90.5%
Q4 24
92.6%
Q3 24
90.1%
Q2 24
89.5%
Q1 24
88.6%
Operating Margin
RDDT
RDDT
VEON
VEON
Q4 25
31.9%
Q3 25
23.7%
Q2 25
13.6%
75.4%
Q1 25
1.0%
Q4 24
12.4%
Q3 24
2.0%
Q2 24
-11.0%
27.1%
Q1 24
-242.5%
Net Margin
RDDT
RDDT
VEON
VEON
Q4 25
34.7%
Q3 25
27.8%
Q2 25
17.9%
55.9%
Q1 25
6.7%
Q4 24
16.6%
Q3 24
8.6%
Q2 24
-3.6%
8.7%
Q1 24
-236.7%
EPS (diluted)
RDDT
RDDT
VEON
VEON
Q4 25
$1.24
Q3 25
$0.80
Q2 25
$0.45
$0.34
Q1 25
$0.13
Q4 24
$4.76
Q3 24
$0.16
Q2 24
$-0.06
$0.04
Q1 24
$-8.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RDDT
RDDT
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$953.6M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$1.5B
Total Assets
$3.2B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDDT
RDDT
VEON
VEON
Q4 25
$953.6M
Q3 25
$911.7M
Q2 25
$734.1M
$1.3B
Q1 25
$635.7M
Q4 24
$562.1M
Q3 24
$515.9M
Q2 24
$468.0M
$862.0M
Q1 24
$968.5M
Stockholders' Equity
RDDT
RDDT
VEON
VEON
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$2.4B
$1.5B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.0B
Q2 24
$1.9B
$1.1B
Q1 24
$1.8B
Total Assets
RDDT
RDDT
VEON
VEON
Q4 25
$3.2B
Q3 25
$2.9B
Q2 25
$2.6B
$8.5B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
$7.3B
Q1 24
$2.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RDDT
RDDT
VEON
VEON
Operating Cash FlowLast quarter
$266.8M
Free Cash FlowOCF − Capex
$263.6M
FCF MarginFCF / Revenue
36.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$684.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDDT
RDDT
VEON
VEON
Q4 25
$266.8M
Q3 25
$185.2M
Q2 25
$111.3M
Q1 25
$127.6M
Q4 24
$90.0M
Q3 24
$71.6M
Q2 24
$28.4M
Q1 24
$32.1M
Free Cash Flow
RDDT
RDDT
VEON
VEON
Q4 25
$263.6M
Q3 25
$183.1M
Q2 25
$110.8M
Q1 25
$126.6M
Q4 24
$89.2M
Q3 24
$70.3M
Q2 24
$27.2M
Q1 24
$29.2M
FCF Margin
RDDT
RDDT
VEON
VEON
Q4 25
36.3%
Q3 25
31.3%
Q2 25
22.2%
Q1 25
32.3%
Q4 24
20.8%
Q3 24
20.2%
Q2 24
9.7%
Q1 24
12.0%
Capex Intensity
RDDT
RDDT
VEON
VEON
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.4%
Q2 24
0.4%
Q1 24
1.2%
Cash Conversion
RDDT
RDDT
VEON
VEON
Q4 25
1.06×
Q3 25
1.14×
Q2 25
1.25×
Q1 25
4.88×
Q4 24
1.27×
Q3 24
2.40×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RDDT
RDDT

Advertising$689.7M95%
Other Revenue$35.9M5%

VEON
VEON

Segment breakdown not available.

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