Quarterly ResultJul 30, 2026, 04:15 PM
Reddit Q2 Revenue $805M, Net Income $253M, Diluted EPS $1.25
AI Summary
Reddit, Inc. announced strong financial results for the second quarter ended June 30, 2026, with revenue growing 61% year-over-year to $805 million and net income surging 183% to $253 million. Diluted EPS more than doubled to $1.25, and Adjusted EBITDA increased 106% to $343 million. The company also reported significant user growth, with DAUq reaching 130.3 million and WAUq crossing half a billion at 514.6 million. Additionally, Reddit repurchased 1.5 million shares and provided an optimistic outlook for Q3 2026, projecting revenue between $860 million and $870 million.
Key Highlights
- Revenue increased 61% year-over-year to $805 million.
- Net income was $253 million, an improvement of 183% year-over-year.
- Diluted EPS was $1.25, more than doubling year-over-year.
- Adjusted EBITDA was $343 million, up 106% year-over-year.
- Daily Active Uniques (DAUq) increased 18% year-over-year to 130.3 million.
- Weekly Active Uniques (WAUq) increased 24% year-over-year to 514.6 million.
- Repurchased 1.5 million shares for $235 million at an average price of $157.57.
- Forecasts Q3 2026 revenue between $860 million and $870 million.
Price Impact
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