What matters nowUpdated 5 h ago
- Reddit reported fiscal Q2 2026 revenue of $804.9M on Jul 30, up 61% from a year earlier ·; advertising revenue rose 64% to $762M and daily users reached 130.3M, up 18%.
- The most recent filed event in our data is an 8-K dated Aug 12, 2026 reporting a director or officer change 2; Reddit was added to the S&P 500 in August 2026.
- The stock traded at 159.42 USD on the pooled 24/7 venue price, up 2.2% from the previous close of 155.95; five moves of 4% or more were recorded between Sep 2 and Oct 1, the largest 8.7% on Sep 2.
- Trailing revenue is $2.78B, up 66.6% year on year, with a 31.3% net margin and a 28.2% operating margin; the shares trade at 37.1 times earnings and 40.2 times EV/EBITDA, with a 3.2% free cash flow yield on a $32.2B market cap (fundamentals as of Jun 30, 2026).
- Insiders sold 494,219 shares worth $84.3M in 19 sales over the last 180 days, 18 of them under trading plans, and bought none; Q3 2026 earnings are estimated for Oct 29, 2026 and are not confirmed.
Reddit runs a large online community platform of topic forums (subreddits) where users post, vote and discuss. Advertising sold against that traffic is most of its revenue, and the company is adding AI-driven ad tools, search and data licensing on top. It was added to the S&P 500 in August 2026.
How it makes money
Reddit earns most of its money from advertising on its feed and search surfaces, sold through self-serve tools and sales teams. Revenue per user has risen fast as ad tools improved. A smaller 'other revenue' line comes from content licensing deals with AI and data buyers and from products sold directly to users.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Advertising platform
Ad revenue rose 64% in Q2 2026 to $762 million, the core of the business.
Reddit community platform
Daily users reached 130.3 million in Q2 2026, up 18%, and weekly users passed 500 million.
Data licensing
Other revenue, mostly content licensing, grew 24% to $43 million in Q2 2026.
Reddit Answers
AI search answers are being built into Reddit's core search, which began in 2025.
Latest newsAll news →
Reddit to join S&P 500 on August 18, replacing AvalonBay after its acquisition by Equity Residential
S&P Dow Jones Indices announced on August 13, 2026 that Reddit will join the S&P 500 before the open on Tuesday, August 18, 2026.
Judge keeps most of Reddit's DMCA and conspiracy claims against SerpApi and Perplexity alive
In a July 31, 2026 ruling in the Southern District of New York, the court largely denied motions to dismiss Reddit's lawsuit against scraping service SerpApi and AI company Perplexity.
Reddit Q2 2026 revenue rises 61% to $805 million; Q3 guided to $860-870 million
Reddit reported second-quarter 2026 revenue of $804.9 million, up 61%, with advertising at $762 million, up 64%.
Reddit Q1 2026 revenue reaches $663 million; advertising $625 million; Q2 guided to $715-725 million
Reddit reported first-quarter 2026 revenue of $663.4 million, with advertising at $625 million and other revenue at $39 million.
Reddit reports Q4 2025 revenue up 70% and guides Q1 2026 revenue to $595-605 million
Reddit reported fourth-quarter 2025 revenue of $725.6 million, up 70% from a year earlier, with advertising at $690 million.
Reddit reports fiscal Q3 2025 results: revenue $584.9M, up 68% from a year earlier
Reddit filed a Form 8-K with the SEC on Oct 30, 2025, 4:08 PM ET, reporting an event dated Oct 30, 2025.
Products & businesses
Advertising platform
Ad revenue rose 64% in Q2 2026 to $762 million, the core of the business.
Reddit community platform
Daily users reached 130.3 million in Q2 2026, up 18%, and weekly users passed 500 million.
Data licensing
Other revenue, mostly content licensing, grew 24% to $43 million in Q2 2026.
Reddit Answers
AI search answers are being built into Reddit's core search, which began in 2025.
Reddit Pro and Community Intelligence
Analytics and insights tools for brands and community managers, sold alongside ads.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Advertising Ads on Reddit's feeds, communities and search, sold to brands and performance advertisers, including Dynamic Product Ads and AI-driven campaign tools. | $2.06B | 94.0% | |
| Other revenue Content licensing agreements with data and AI buyers, plus products sold directly to users. | $140.0M | 6.0% |
Fiscal FY2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026 2026-06-30 | Q1 FY2026 2026-03-31 | Q4 FY2025 2025-12-31 | Q3 FY2025 2025-09-30 | Q2 FY2025 2025-06-30 | Q1 FY2025 2025-03-31 | Q4 FY2024 2024-12-31 | Q3 FY2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.78B | $804.9M +61% | $663.4M +69% | $725.6Md +70% | $584.9M +68% | $499.6M +78% | $392.4M +61% | $427.7Md | $348.4M |
| Gross profit | $2.54B | $734.6Md +62% | $607.1Md +71% | $666.9Md +68% | $532.4Md +70% | $453.7Md +80% | $355.3Md +65% | $395.9Md | $313.7Md |
| Operating income | $785.0M | $231.7M +242% | $182.9M +4586% | $231.8Md +338% | $138.5M +1921% | $67.7M | $3.9M | $52.9Md | $6.9M |
| Net income | $871.1M | $252.8M +183% | $204.0M +680% | $251.6Md +254% | $162.7M +445% | $89.3M | $26.2M | $71.0Md | $29.9M |
| EPS (diluted) | $4.30 | $1.25 +178% | $1.01 +677% | $1.24d +57% | $0.80 +400% | $0.45 | $0.13 | $0.79d | $0.16 |
| Operating cash flow | $1.03B | $261.9M +135% | $312.3M +145% | $266.8Md +196% | $185.2M +159% | $111.3M +292% | $127.6M +298% | $90.0Md | $71.6M |
| Capital expenditure | $7.4M | $1.1M +125% | $1.1M +11% | $3.2Md +276% | $2.1M +52% | $505.0K -58% | $979.0K -66% | $842.0Kd | $1.4M |
| Share buybacks | — | $234.6M | $5.0M | — | — | $0 | $0 | — | — |
| Cash & equivalents | $1.49B | $1.49B | $1.37B | $953.6M | $911.7M | $734.1M | $635.7M | $562.1M | $515.9M |
| Metric | FY2025 2025-12-31 | FY2024 2024-12-31 |
|---|---|---|
| Revenue | $2.20B +69% | $1.30B |
| Cost of revenue | $194.2M +57% | $123.6M |
| Gross profit | $2.01Bd +71% | $1.18Bd |
| Research & development | $783.1M -16% | $935.2M |
| Operating income | $442.0M | −$560.6M |
| EBIT | $442.0M | −$560.6M |
| Depreciation & amortization | $15.9M +2% | $15.6M |
| Income tax | −$1.0M | −$931.0K |
| Net income | $529.7M | −$484.3M |
| EPS (diluted) | $2.62 | $-3.33 |
| Diluted shares (weighted) | 202.1M | 145.5M |
| Operating cash flow | $690.9M +211% | $222.1M |
| Capital expenditure | $6.7M +7% | $6.2M |
| Share buybacks | — | — |
| Cash & equivalents | $953.6M | $562.1M |
| Total assets | $3.24B | $2.34B |
| Total liabilities | $310.1M | $205.8M |
| Shareholders' equity | $2.93B | $2.13B |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Reddit to join S&P 500 on August 18, replacing AvalonBay after its acquisition by Equity Residential
S&P Dow Jones Indices announced on August 13, 2026 that Reddit will join the S&P 500 before the open on Tuesday, August 18, 2026.
Judge keeps most of Reddit's DMCA and conspiracy claims against SerpApi and Perplexity alive
In a July 31, 2026 ruling in the Southern District of New York, the court largely denied motions to dismiss Reddit's lawsuit against scraping service SerpApi and AI company Perplexity.
Reddit Q2 2026 revenue rises 61% to $805 million; Q3 guided to $860-870 million
Reddit reported second-quarter 2026 revenue of $804.9 million, up 61%, with advertising at $762 million, up 64%.
Reddit Q1 2026 revenue reaches $663 million; advertising $625 million; Q2 guided to $715-725 million
Reddit reported first-quarter 2026 revenue of $663.4 million, with advertising at $625 million and other revenue at $39 million.
Reddit reports Q4 2025 revenue up 70% and guides Q1 2026 revenue to $595-605 million
Reddit reported fourth-quarter 2025 revenue of $725.6 million, up 70% from a year earlier, with advertising at $690 million.
Reddit reports fiscal Q3 2025 results: revenue $584.9M, up 68% from a year earlier
Reddit filed a Form 8-K with the SEC on Oct 30, 2025, 4:08 PM ET, reporting an event dated Oct 30, 2025.
SEC filings
| Oct 7, 26 | 4 | Form 4: Newhouse Steven O (Director) — award 115 sh | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: Habiger David C (Director) — award 284 sh | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: FILIKRUSHEL PATRICIA (Director) — award 122 sh | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: Gale Mary Porter (Director) — award 107 sh | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: Seibel Michael (Director) — award 103 sh | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: FARRELL SARAH E (Director) — award 126 sh | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — option exercise 17,308 sh, open-market sale 17,308 sh | sec.gov ↗ |
| Sep 21, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Sep 17, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — option exercise 17,308 sh, open-market sale 17,308 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Wong Jennifer L. (Chief Operating Officer) — option exercise 60,000 sh, open-market sale 60,000 sh | sec.gov ↗ |
| Sep 15, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 2, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — option exercise 18,000 sh, open-market sale 18,000 sh | sec.gov ↗ |
| Aug 31, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 27, 26 | 4 | Form 4: Sauerberg Robert A. (Director) — open-market sale 5,128 sh | sec.gov ↗ |
| Aug 25, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — conversion 2,954 sh, tax withholding 40,336 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Lee Benjamin Seong (Chief Legal Officer) — tax withholding 3,887 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Reynolds Michelle Marie (Chief Accounting Officer) — tax withholding 1,265 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Wong Jennifer L. (Chief Operating Officer) — tax withholding 38,113 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Vollero Andrew (Chief Financial Officer) — tax withholding 10,319 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — option exercise 18,000 sh, open-market sale 18,000 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Wong Jennifer L. (Chief Operating Officer) — option exercise 75,000 sh, open-market sale 75,000 sh | sec.gov ↗ |
| Aug 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 12, 26 | 8-K | 8-K: Director/Officer Change (Item 5.02) | sec.gov ↗ |
| Aug 6, 26 | 4 | Form 4: Huffman Steve Ladd (CEO & President, Director, 10% Owner) — option exercise 18,000 sh, open-market sale 18,000 sh | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-29 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 17.3K | $144.87 | $2.5M |
| 2026-09-15 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 17.3K | $160.11 | $2.8M |
| 2026-09-14 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 60.0K | $162.33 | $9.7M |
| 2026-08-31 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $148.02 | $2.7M |
| 2026-08-25 | Sauerberg Robert A. Director | Sale | 5.1K | $159.92 | $820.1K |
| 2026-08-14 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 75.0K | $178.55 | $13.4M |
| 2026-08-14 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $178.16 | $3.2M |
| 2026-08-04 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $159.78 | $2.9M |
| 2026-07-15 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $197.86 | $3.6M |
| 2026-07-15 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 39.2K | $197.88 | $7.8M |
| 2026-07-01 | Reynolds Michelle Marie Chief Accounting Officer | Sale 10b5-1 plan | 808 | $200.00 | $161.6K |
| 2026-06-30 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $173.13 | $3.1M |
| 2026-06-16 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 39.2K | $176.94 | $6.9M |
| 2026-06-15 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $178.26 | $3.2M |
| 2026-05-29 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $174.13 | $3.1M |
| 2026-05-18 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 39.2K | $158.52 | $6.2M |
| 2026-05-15 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $157.15 | $2.8M |
| 2026-05-05 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $171.80 | $3.1M |
| 2026-04-16 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 39.2K | $161.47 | $6.3M |
| 2026-04-15 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $158.40 | $2.9M |
| 2026-04-08 | Slowe Christopher Brian Chief Technology Officer | Sale 10b5-1 plan | 15.5K | $150.67 | $2.3M |
| 2026-03-31 | Huffman Steve Ladd CEO & President, Director, 10% Owner | Sale 10b5-1 plan | 18.0K | $132.77 | $2.4M |
| 2026-03-23 | Slowe Christopher Brian Chief Technology Officer | Sale 10b5-1 plan | 9.5K | $141.28 | $1.3M |
| 2026-03-18 | Wong Jennifer L. Chief Operating Officer | Sale 10b5-1 plan | 39.2K | $143.41 | $5.6M |
| 2026-03-13 | FARRELL SARAH E Director | Buy | 10.5K | $132.26 | $1.4M |