Recent Updates — RDDT

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.

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.