Q1 26 EPS
$1.01
BEAT +79.11%
Est. $0.56
Q1 26 Revenue
$663.4M
BEAT +7.99%
Est. $614.4M
vs S&P Since Q1 26
+2.1%
BEATING MARKET
RDDT +9.4% vs S&P +7.3%
Market Reaction
Did RDDT Beat Earnings? Q1 2026 Results
Reddit delivered a blowout first quarter for fiscal 2026, posting earnings per share of $1.01 against a consensus estimate of $0.56, a beat of 79.11%, while revenue climbed 69.1% year-over-year to $663.41 million, ahead of the $609.78 million Wall St… Read more Reddit delivered a blowout first quarter for fiscal 2026, posting earnings per share of $1.01 against a consensus estimate of $0.56, a beat of 79.11%, while revenue climbed 69.1% year-over-year to $663.41 million, ahead of the $609.78 million Wall Street had expected. The standout driver was advertising, where revenue of $625 million grew 74% year-over-year on the back of stronger impressions, improved pricing, and broad demand across the full ad funnel, pushing net income to $203.98 million and the net margin to 30.7%, compared to just 6.7% a year ago. Adjusted EBITDA reached $265.97 million at a 40.1% margin, and free cash flow surged to $311.16 million. Daily Active Uniques averaged 126.8 million, up 17%, with international users leading growth at a 26% gain. Investors who had been watching the stock's 2026 underperformance now have fresh catalysts to consider, including Q2 guidance of $715 million to $725 million in revenue and $285 million to $295 million in Adjusted EBITDA, alongside growing interest in Reddit's AI data-licensing potential.
Key Takeaways
- • Advertising revenue growth driven by year-over-year increases in both impressions and pricing
- • Broad strength across the full ad funnel and top-15 industry verticals
- • ARPU expanded 44% year-over-year to $5.23 globally
- • U.S. ARPU grew 54% to $9.63; International ARPU grew 51% to $2.02
- • International DAUq grew 26% year-over-year, driving international revenue up 76%
- • Stock-based compensation declined 27% year-over-year, improving profitability margins
- • Capital-light model with only $1 million in capex
RDDT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
RDDT Revenue by Segment
With YoY comparisons, source: SEC Filings
RDDT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation. That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI.”
— Steve Huffman, Q1 2026 Earnings Press Release
RDDT Earnings Trends
RDDT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RDDT EPS Trend
Earnings per share: estimate vs actual
RDDT Revenue Trend
Quarterly revenue: estimate vs actual
RDDT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.97 | $1.25 | +29.23% | $804.9M | +10.12% |
| Q1 26 BEAT | $0.56 | $1.01 | +79.11% | $663.4M | +7.99% |
| Q4 25 BEAT FY | $0.93 | $1.24 | +33.13% | $725.6M | +8.78% |
| FY Full Year | $2.33 | $2.62 | +12.53% | $2.20B | +2.67% |
| Q3 25 BEAT | $0.52 | $0.80 | +53.79% | $584.9M | +6.44% |
| Q2 25 BEAT | $0.19 | $0.45 | +138.35% | $499.6M | +17.29% |
| Q1 25 BEAT | $0.01 | $0.13 | +870.15% | $392.4M | +6.14% |