- Reddit posted Q2 2026 EPS of $1.25, beating the $0.97 consensus by 29.23% — its fifth consecutive quarter topping EPS expectations — on revenue of $804.9 million, a 10.12% beat.
- Advertising revenue reached $762 million, up 64% year-over-year, on growth in both ad pricing and impressions, with net income more than doubling to $252.85 million and adjusted EBITDA margin widening to 42.6%.
- International DAUq grew 28% year-over-year and international revenue rose 84%; global ARPU increased 36% to $6.18 with U.S. ARPU up 51% to $11.85.
- Management guided Q3 2026 revenue to $860–870 million and adjusted EBITDA to $385–395 million, flagging continued investment in video, AI-driven content moderation, and ads-platform machine learning.
- The stock fell 21.0% in the session after the July 30 report before recovering, up 14.95% over one week, while search referrals were described as choppy in Q2 and the Google AI licensing deal remained a point of uncertainty into the print.
Quotes
“In an increasingly automated web, the value of real human perspective has never been higher. Reddit's commercial momentum reflects that.”