Reddit Reports Strong Q2 Earnings with Revenue Growth Exceeding 60% for Eighth Consecutive Quarter
Reddit reported second-quarter revenue of $805 million in July 2026, marking a year-over-year growth rate of over 60%, the eighth consecutive quarter achieving this milestone. Advertising revenue reached $762 million, up 64% from last year due to higher pricing and impressions, while other revenue grew by 24%. International revenue surged by 84%, outpacing U.S. growth at 56%. Adjusted EBITDA hit $343 million with a margin of 43%, reflecting strong profitability improvements. The company reported net income of $253 million, or $1.25 per diluted share, more than doubling from the prior year's $89 million. Daily active users reached 130.3 million (up 18%), and weekly active users crossed 500 million for the first time at 514.6 million. Global ARPU increased by 36% to $6.18, with U.S. ARPU rising sharply by 51%. Reddit also repurchased shares worth $235 million during the quarter and provided Q3 revenue guidance of between $860 million and $870 million.
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Topics: adjusted_ebitda arpu net_income revenue user_growth