Earnings ·
Reports Q3 revenue of $895 million and diluted EPS of $1.40
RDDTReddit, Inc.
Reddit reported third-quarter 2026 financial results with total revenue increasing 53% year-over-year to $895 million, driven by a 54% surge in advertising revenue to $847 million. Net income rose 74% to $283 million, and diluted earnings per share reached $1.40, up 75% from the prior year period. Adjusted EBITDA grew 70% to $402 million with a margin of 45%, while operating cash flow nearly doubled to $364 million. The company repurchased approximately 670,000 shares for $100 million during the quarter and added 1 billion posts and comments to its platform. Reddit also provided fourth-quarter guidance estimating revenue between $1.0 billion and $1.03 billion. The company operates an online community platform where users post, vote, comment, and search for information across diverse topics.