Business
Reddit Reports First Quarter 2026 Results
SAN FRANCISCO, April 30, 2026--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2026. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com.
About this update from Reddit, Inc.
Daily Active Uniques ("DAUq") increased 17% year-over-year to 126.8 million Revenue grew 69% year-over-year to $663 million Net income of $204 million, 31% of revenue. Diluted EPS of $1.01, up 7x year-over-year Adj. EBITDA1 of $266 million, 40% of revenue, up 131% year-over-year Operating cash flow of $312 million, 47% of revenue, up 145% year-over-year SAN FRANCISCO, April 30, 2026--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2026. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com. "Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation," said Steve Huffman, Founder and CEO of Reddit. "That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI." First Quarter 2026 Financial Highlights Financial Outlook The guidance provided below is based on Reddit’s current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit’s reports on file with the Securities and Exchange Commission (the "SEC"). Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law. As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the second quarter. In the second quarter of 2026, we estimate: Earnings Conference Call Information and Community Update Reddit will host a conference call to discuss the results for the first quarter of 2026 on Thursday, April 30, 2026, at 1:30 p.m. PT / 4:30 p.m. ET. A live webcast of the call can be accessed on Reddit’s Investor Relations website at https://investor.redditinc.com and investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/. A replay of the webcast and transcript will be available on the same websites following the conclusion of the conference call. Reddit will solicit questions from the community in the investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, April 30, 2026, after the marke...