Reddit Q2 Revenue Surges 61% to $805M, Net Income More Than Doubles
RDDT sits 35% above its 52-week low of $119.27 on elevated volume (2.3× avg).
Summary
Reddit's Q2 2026 revenue surged 61% to $805M, net income more than doubled to $253M, and user metrics showed strong growth. The company also disclosed a UK GDPR fine, potential EU VLOP status, and new insider trading plans.
Key Events · Earnings and Guidance · RDDT
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Revenue Jumps 61% to $805M
Q2 revenue reached $804.9M, driven by a 64% increase in advertising revenue to $761.6M. Ad pricing rose ~40% and impressions grew ~17%.
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Net Income More Than Doubles
Net income was $252.8M, up 183% YoY, with diluted EPS of $1.25. Operating income margin expanded to 29% from 14% a year ago.
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User Growth Remains Strong
DAUq grew 18% YoY to 130.3M, with U.S. DAUq up 6% and rest-of-world up 28%. ARPU increased 36% to $6.18.
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$240M in Share Buybacks Executed
Reddit repurchased 1.5M shares for $239.6M in H1 2026 under its $1B authorization, with $760.4M remaining.
Analysis · RDDT · Technology
A standout quarter underscores Reddit's accelerating monetization, with revenue jumping 61% to $805 million and net income more than doubling to $253 million. User growth remained robust at 18% DAUq expansion, while ARPU climbed 36% as both ad pricing and impressions rose. The company continued its $1 billion buyback, repurchasing $240 million in stock during the first half. On the risk front, Reddit disclosed a £14.5 million UK GDPR fine it is appealing, potential EU VLOP designation, and ongoing securities litigation. The results reinforce the platform's upward trajectory, though regulatory and legal overhang adds uncertainty.
At the time of this filing, RDDT was trading at $160.80 on NYSE in the Technology sector, with a market capitalization of approximately $34.3B. The 52-week trading range was $119.27 to $282.95. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.