Key Highlights

  • Reddit reported second-quarter 2026 revenue of $805 million, up 61%, its eighth consecutive quarter of growth above 60%.
  • Advertising revenue was $762 million, up 64%, while net income was $253 million and adjusted EBITDA was $343 million.
  • Daily active uniques reached 130.3 million, up 18%, and weekly active uniques reached 514.6 million, up 24%.
  • Third-quarter guidance is revenue of $860 million to $870 million and adjusted EBITDA of $385 million to $395 million.

Reddit, Inc. (NYSE:RDDT) runs a network of topic-based communities in which users post, comment and vote on content. It earns most of its money from advertising, and reports a smaller line called other revenue, which covers items such as data licensing.

As a social and internet platform within the wider technology sector, its commercial health depends on two things: how many people use it and how effectively advertisers can reach them. Its results are therefore watched as an indicator of digital advertising demand and of how online communities are monetized.

What Reddit Reported on July 30, 2026

Reddit published its second-quarter 2026 results on July 30, 2026. Total revenue was $805 million, up 61% year on year. Advertising revenue was $762 million, up 64%, while other revenue was $43 million, up 24%. The company noted that this was its eighth consecutive quarter of revenue growth above 60%.

Net income was $253 million, an increase of 183%, and adjusted EBITDA was $343 million, up 106%.

Users and Balance Sheet

Reddit measures audience through daily active uniques and weekly active uniques. Daily active uniques reached 130.3 million, up 18%, and weekly active uniques were 514.6 million, up 24%. The company said it had crossed half a billion weekly active users. Weekly figures count distinct users over a seven-day window, which is why they exceed the daily numbers.

The comparison between user and revenue growth is informative. Revenue rose more than three times as fast as the daily audience, which indicates that the gains came substantially from monetization, meaning how much each user is worth to advertisers, rather than from audience growth alone. At quarter end the company held $1.49 billion in cash and equivalents and $1.30 billion in marketable securities, a combined $2.79 billion.

The Outlook for the Third Quarter

For the third quarter of 2026 Reddit guided to revenue of $860 million to $870 million and adjusted EBITDA of $385 million to $395 million. Both ranges sit above the second-quarter actuals of $805 million and $343 million, so management is signaling that profit should rise alongside sales.

Factors That Could Move Results

Referrals from search engines were described as choppy on the day of the results, which points to a structural dependency. Part of Reddit's audience arrives through search results, so changes in ranking systems, or the growth of automated answers that summarize content without sending readers onward, could alter traffic. Advertising revenue is also cyclical and can fall when brands reduce budgets. As a platform hosting user-generated content, Reddit carries moderation, regulatory and reputational obligations, and other revenue, which includes licensing, depends on commercial agreements whose terms may change.

Rapid growth also invites tougher comparisons. Growth above 60% for eight quarters is unlikely to continue indefinitely, and the company has not promised that it will. Net income also rose far faster than revenue, so any cost increase or slowdown would have an outsized effect on reported profit.

Reddit's Search Dependence and Growth Durability

The third-quarter report will show whether revenue and adjusted EBITDA reach the guided ranges and whether daily users continue to expand at the recent pace. Developments in search referral traffic, in the split between advertising and other revenue, and in the use of the cash balance will all help readers judge the durability of the business over time.