Skip to content
AnalystLens

Reddit 8-K Report, Financial Results (Jul 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 30, 2026
Period End
July 30, 2026
Security
RDDT
In the record · 2024–202610-K210-Q98-K17

RDDT filed 2 annual reports (10-K), 9 quarterly reports (10-Q) and 17 current reports (8-K) between 2024 and 2026.

  1. Leadership change8-K · May ’24May ’24
  2. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed July 30, 2026. Cited figures are marked; the original filing is the authoritative source.

Reddit, Inc. reported second-quarter 2026 results for the quarter ended June 30, 2026, with revenue of $805 milliona, up 61% year-over-year, marking its eighth consecutive quarter of over 60% revenue growth.

Advertising revenue was $762 millionb, up 64%, and Other revenue was $43 million, up 24%. Net income was $253 million, or 31% of revenue, and diluted EPS was $1.25, both more than doubling year-over-year. Adjusted EBITDA was $343 million with a 43% margin, and operating cash flow was $262 million, up 135%.

Gross margin was 91.3%c, up 50 bps. User metrics showed mixed trends. Global daily active uniques (DAUq) averaged 130.3 million, up 18%, while weekly active uniques (WAUq) averaged 514.6 million, up 24%.

U.S. DAUq grew 6%d and international DAUq grew 28%. Logged-in DAUq grew 7% and logged-out DAUq grew 27%. Management said search referrals were choppy during the quarter and that referral visibility remains low, and it emphasized converting weekly users into daily users as its top priority.

For the third quarter of 2026, Reddit estimates revenue of $860 million to $870 million and Adjusted EBITDA of $385 million to $395 million. During the quarter, the company repurchased 1.5 million Class A shares for $235 million at an average price of $157.57. Cash, cash equivalents, and marketable securities totaled $2.8 billion as of June 30, 2026, and fully diluted shares outstanding were 207.0 million.

02—Key points

Key Highlights

  1. Revenue of $805 million grew 61% year-over-year, with U.S. revenue up 56% and International revenue up 84%.
  2. Net income of $253 million (31% net margin) and diluted EPS of $1.25 both more than doubled year-over-year.
  3. Adjusted EBITDA of $343 million carried a 43% margin, and operating cash flow of $262 million rose 135%.
  4. DAUq reached 130.3 million (up 18%) and WAUq reached 514.6 million (up 24%); U.S. DAUq grew only 6% versus 28% for international DAUq.
  5. Third-quarter 2026 guidance calls for revenue of $860 million to $870 million and Adjusted EBITDA of $385 million to $395 million.
  6. Reddit repurchased 1.5 million Class A shares for $235 million at an average price of $157.57 during the quarter.
  7. Cash, cash equivalents, and marketable securities were $2.8 billion as of June 30, 2026, and fully diluted shares outstanding were 207.0 million, up 0.2% year-over-year.

03—Questions

Frequently Asked Questions

  1. How strong was Reddit's revenue growth in the second quarter of 2026?

    Total revenue was $805 million, up 61% year-over-year, the eighth consecutive quarter of over 60% growth. Advertising revenue of $762 million grew 64%, and Other revenue of $43 million grew 24%. Management attributed advertising growth to increases in both pricing and impressions.

  2. Is user growth keeping pace with revenue growth?

    Not uniformly. Global DAUq rose 18% to 130.3 million and WAUq rose 24% to 514.6 million, but U.S. DAUq grew only 6%, while international DAUq grew 28%. Logged-in DAUq grew 7% and logged-out DAUq grew 27%. Management said search referrals were choppy during the quarter and that its top priority is converting weekly users into daily users.

  3. What guidance did Reddit provide for the third quarter of 2026?

    Reddit estimated third-quarter 2026 revenue in the range of $860 million to $870 million and Adjusted EBITDA in the range of $385 million to $395 million. The company stated it has not provided a reconciliation of this non-GAAP guidance to U.S. GAAP equivalents.

  4. How did Reddit's profitability and cash generation change?

    Net income was $253 million compared with $89 million in the prior-year quarter, and diluted EPS was $1.25 compared with $0.45. Adjusted EBITDA was $343 million, up 106%, and operating cash flow was $262 million, up 135%. Free cash flow was $261 million, and capital expenditures were $1 million.

  5. What capital return activity did Reddit report?

    Reddit repurchased 1.5 million shares of its Class A common stock during the quarter for a total of $235 million, at an average price of $157.57 per share. Fully diluted shares outstanding were 207.0 million as of June 30, 2026, up 0.2% from the prior year.

04—Continue

← View all 8-K filings