Reddit Reports Exceptional Q2 2026 Results with 61% Revenue Growth, Doubled Net Income, and Strong Q3 Outlook
RDDT sits 39% above its 52-week low of $119.27 on elevated volume (1.9× avg).
Summary
Reddit reported exceptional second-quarter 2026 financial results, with revenue up 61% and net income more than doubling, alongside strong user growth and a significant share repurchase. The company also issued a positive outlook for the third quarter.
Key Events · Earnings and Guidance · RDDT
-
Exceptional Q2 2026 Financial Performance
Revenue increased 61% year-over-year to $805 million, marking the eighth consecutive quarter of over 60% growth. Net income more than doubled to $253 million, and diluted EPS rose 178% to $1.25.
-
Strong Profitability and Cash Flow Growth
Adjusted EBITDA more than doubled to $343 million, with a 43% margin. Operating cash flow and Free Cash Flow also more than doubled, reaching $262 million and $261 million respectively.
-
Robust User Engagement and International Expansion
Daily Active Uniques (DAUq) grew 18% year-over-year to 130.3 million, and Weekly Active Uniques (WAUq) increased 24% to 514.6 million. International DAUq grew 28% and international revenue grew 84%.
-
Significant Share Repurchase
The company repurchased 1.5 million shares of Class A common stock for $235 million during the quarter at an average price of $157.57, part of its previously authorized $1 billion program.
Analysis · RDDT · Technology
Reddit delivered an outstanding second quarter, demonstrating accelerated growth across all key financial metrics, including revenue, net income, and cash flow, which significantly exceeded prior year performance. The company also showed robust user engagement and international expansion, alongside a substantial share repurchase. The positive Q3 guidance reinforces confidence in continued strong operational and financial momentum.
At the time of this filing, RDDT was trading at $165.25 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.