Quarterly ResultJul 31, 2026, 06:02 AM
Reddit Q2 2026 Net Income $252.8M, Revenue $804.9M
AI Summary
Reddit, Inc. reported strong financial results for Q2 2026, with net income increasing to $252.8 million and total revenue reaching $804.9 million, demonstrating substantial year-over-year growth. Basic EPS also saw a significant rise to $1.31. The company generated $574.1 million in net cash from operating activities for the first half of 2026 and repurchased $234.6 million of Class A common stock during the quarter.
Key Highlights
- Net income for Q2 2026 increased to $252.8 million from $89.3 million YoY.
- Total revenue for Q2 2026 grew to $804.9 million from $499.6 million YoY.
- Basic EPS for Q2 2026 was $1.31, up from $0.48 in the prior year.
- Advertising revenue for Q2 2026 reached $761.6 million, up from $464.8 million.
- Net cash provided by operating activities for H1 2026 was $574.1 million.
- Repurchased $234.6 million of Class A common stock in Q2 2026.
- Cash and cash equivalents rose to $1.49 billion as of June 30, 2026.
Price Impact
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