Quarterly ResultApr 30, 2026, 04:23 PM
RDDT Q1 Revenue $663M (+69%), EPS $1.01 (+677%); Strong Q2 Outlook
AI Summary
Reddit, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 69% year-over-year to $663 million and diluted EPS soaring 677% to $1.01. The company also saw significant growth in user engagement, with Daily Active Uniques up 17% to 126.8 million. Reddit provided an optimistic outlook for Q2 2026, projecting revenue between $715 million and $725 million and Adjusted EBITDA between $285 million and $295 million, highlighting its unique position in the AI landscape and capital-light model.
Key Highlights
- RDDT Q1 Revenue increased 69% year-over-year to $663 million.
- Net income was $204 million, up 680% year-over-year.
- Diluted EPS was $1.01, a 677% increase year-over-year.
- Adjusted EBITDA grew 131% year-over-year to $266 million.
- Daily Active Uniques (DAUq) rose 17% year-over-year to 126.8 million.
- Q2 2026 revenue guidance is $715 million to $725 million.
- Q2 2026 Adjusted EBITDA guidance is $285 million to $295 million.
- Announced integration with Shopify to scale advertiser ecosystem.