Reddit Q2 2026 Results: 61% Revenue Growth and Record Engagement

San Francisco, California - Reddit, Inc. (NYSE: RDDT) has announced its financial results for the second quarter ending June 30, 2026, showcasing significant growth across its core metrics. The platform experienced its eighth consecutive quarter of revenue growth exceeding 60%, highlighting the continued momentum of its community-driven business model.

Financial Highlights:

• Total revenue reached $805 million, a 61% increase year-over-year.
• Net income stood at $253 million, more than doubling from the prior year.
• Adjusted EBITDA rose to $343 million, marking a 106% increase year-over-year.
• Operating cash flow improved by 135% to $262 million.
• Diluted earnings per share (EPS) were $1.25, significantly outpacing previous results.

The company also reported robust growth in user engagement. Daily Active Uniques (DAUq) increased by 18% to 130.3 million, while Weekly Active Uniques (WAUq) surged by 24% to 514.6 million, surpassing the half-billion milestone. Reddit attributes this success to the inherent value of human-centric conversations on its platform.

Operational Updates:

• Gross margin improved to 91.3%, up from 90.8% in the same period last year.
• The company repurchased 1.5 million shares of Class A common stock for a total of $235 million.
• Third-quarter 2026 guidance projects revenue between $860 million and $870 million, with Adjusted EBITDA expected to be in the range of $385 million to $395 million.