Companies /Communication Services

Reddit Inc.

NYSE: RDDT Internet Content & Information
$154.91
â–² $0.96 (+0.62%) today
Markets open · 1:04pm ET

Q1 2026 Earnings

Reported Apr 30, 2026, 4:08pm ET · SEC source
$1.01
Beat +79.11%
EPS · est. $0.56
$663.4M
Beat +7.99%
Revenue · est. $614.4M
−2.9%
Trailing market
RDDT vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%Apr 30May 1report 4:08pm ETearnings+0.1%+5.0%
−5%0+5%+10%Apr 30May 1earnings+0.1%+5.0%
RDDT +5.0%S&P 500 +0.1%
−5%0+5%+10%Apr 30May 1report 4:08pm ETearnings+0.9%+5.0%
−5%0+5%+10%Apr 30May 1earnings+0.9%+5.0%
RDDT +5.0%NASDAQ +0.9%
−12%−6%0+6%Apr 29May 8report 4:08pm ETearnings+2.5%−3.7%
−12%−6%0+6%Apr 29May 8earnings+2.5%−3.7%
RDDT −3.7%S&P 500 +2.5%
−12%−6%0+6%Apr 29May 8report 4:08pm ETearnings+6.5%−3.7%
−12%−6%0+6%Apr 29May 8earnings+6.5%−3.7%
RDDT −3.7%NASDAQ +6.5%
+13.07%
Day of report
+1.56%
Next session
−6.42%
One week
+1.81%
30 days

S&P 500 over the same 30 days: +4.66%.

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 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 <a href="https://247wallst.com/investing/2026/04/11/reddit-rddt-trades-84-below-average-price-target-following-37-2026-decline/">the stock's 2026 underperformance</a> 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

“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.”

Reddit CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2026, Reddit estimates revenue in the range of $715 million to $725 million and Adjusted EBITDA in the range of $285 million to $295 million. The company's strategic priorities for the remainder of 2026 include broadening the top of the funnel, improving new user retention, and making Reddit faster across the board. Management has articulated a goal of reaching 100 million daily U.S. users.

RDDT YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$600.0M$392.4M$663.4MRevenue$355.3M$607.1MGross Profit$3.9M$182.9MOperating Income$26.2M$204.0MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

RDDT Revenue by Segment

Advertising$625.0M+74.0%
Other Revenue$39.0M+15.0%

RDDT Revenue by Geography

United States$525.6M+67.0%
Rest of World$137.8M+76.0%

Figures from SEC filings and company reports. Not investment advice.