Earnings ·
Reddit reported second quarter 2026 financial results for the period ended June 30, 2026
RDDTReddit, Inc.
Reddit reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 61% year-over-year to $805 million, driven by a 64% rise in advertising revenue to $762 million. Net income reached $253 million with diluted earnings per share of $1.25, both more than doubling from the prior year period. Adjusted EBITDA grew 106% to $343 million, and operating cash flow increased 135% to $262 million. Daily active uniques rose 18% to 130.3 million, while weekly active uniques grew 24% to 514.6 million. The company repurchased 1.5 million shares for $235 million during the quarter and provided third-quarter revenue guidance of $860 million to $870 million. Reddit operates in the social media and online community industry, facilitating user-generated content and discussions.