Quarterly ResultMay 1, 2026, 09:22 AM
RDDT Q1 Revenue $663.4M, Net Income $204.0M; EPS $1.01
AI Summary
Reddit, Inc. reported strong Q1 2026 results with revenue increasing significantly to $663.4 million and net income soaring to $204.0 million. Diluted EPS reached $1.01. The company also initiated a $1.0 billion share repurchase program, repurchasing $5.0 million in Q1, and disclosed ongoing legal proceedings including a securities class action and a UK ICO penalty.
Key Highlights
- Net income for Q1 2026 was $204.0 million, up from $26.2 million in Q1 2025.
- Total revenue for Q1 2026 increased to $663.4 million from $392.4 million in Q1 2025.
- Diluted EPS for Q1 2026 was $1.01, compared to $0.13 in Q1 2025.
- Advertising revenue rose to $624.7 million in Q1 2026 from $358.6 million in Q1 2025.
- United States revenue was $525.6 million in Q1 2026, up from $313.9 million in Q1 2025.
- Board authorized a $1.0 billion Class A common stock repurchase program.
- Repurchased 34,690 shares of Class A common stock for $5.0 million in Q1 2026.
- UK ICO issued a penalty notice of GBP £14.5 million, which the company is challenging.
Price Impact
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