VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Tencent Holdings Limited vs Reddit, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Tencent Holdings Limited

0700.HK · Hong Kong Stock Exchange

Market cap (USD)$501.1B
Gross margin (TTM)55.9%
Operating margin (TTM)32.6%
Net margin (TTM)30.6%
SectorCommunication Services
IndustryInternet Content & Information
CountryCN
Data as of2026-05-27
Moat score
73/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Tencent Holdings Limited's moat claims, evidence, and risks.

View 0700.HK analysis

Reddit, Inc.

RDDT · New York Stock Exchange

Market cap (USD)$29.7B
Gross margin (TTM)91.4%
Operating margin (TTM)25.1%
Net margin (TTM)28.6%
SectorCommunication Services
IndustryInternet Content & Information
CountryUS
Data as of2026-05-01
Moat score
67/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Reddit, Inc.'s moat claims, evidence, and risks.

View RDDT analysis

Comparison highlights

  • Moat score gap: Tencent Holdings Limited leads (73 / 100 vs 67 / 100 for Reddit, Inc.).
  • Segment focus: Tencent Holdings Limited has 4 segments (48.9% in Value-Added Services (VAS)); Reddit, Inc. has 2 segments (93.6% in Advertising).
  • Moat breadth: Tencent Holdings Limited has 6 moat types across 2 domains; Reddit, Inc. has 5 across 3.

Primary market context

Tencent Holdings Limited

Value-Added Services (VAS)

Market

Consumer social platforms and digital entertainment (online games, subscriptions, virtual items, digital content)

Geography

Mainland China (core) + Global (games)

Customer

Consumers

Role

Platform/operator + content publisher

Revenue share

48.9%

Reddit, Inc.

Advertising

Market

U.S. social media and community-platform digital advertising

Geography

United States-led, with global Reddit ad inventory and international expansion

Customer

Brands, agencies, performance advertisers, and small and midsize businesses

Role

Owned media platform, ad inventory publisher, contextual data owner, and self-serve/managed ad platform

Revenue share

93.6%

Side-by-side metrics

Tencent Holdings Limited
Reddit, Inc.
Ticker / Exchange
0700.HK - Hong Kong Stock Exchange
RDDT - New York Stock Exchange
Market cap (USD)
$501.1B
$29.7B
Gross margin (TTM)
55.9%
91.4%
Operating margin (TTM)
32.6%
25.1%
Net margin (TTM)
30.6%
28.6%
Sector
Communication Services
Communication Services
Industry
Internet Content & Information
Internet Content & Information
HQ country
CN
US
Primary segment
Value-Added Services (VAS)
Advertising
Market structure
Oligopoly
Oligopoly
Market share
n/a
1.2%-1.5% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
67 / 100
Moat domains
Network, Supply
Network, Demand, Legal
Last update
2026-05-27
2026-05-01

Moat coverage

Shared moat types

Two Sided NetworkData Network Effects

Tencent Holdings Limited strengths

Direct Network EffectsEcosystem ComplementsDistribution ControlCapex Knowhow Scale

Reddit, Inc. strengths

Reputation ReviewsContent Rights CurrencyLong Term Contracts

Segment mix

Tencent Holdings Limited segments

Full profile >

Value-Added Services (VAS)

Oligopoly

48.9%

Marketing Services

Oligopoly

19.4%

FinTech and Business Services

Oligopoly

30.5%

Others

Competitive

1.2%

Reddit, Inc. segments

Full profile >

Advertising

Oligopoly

93.6%

Content Licensing and User Products

Competitive

6.4%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.