OpenNashEarnings

Internet & Advertising · NYSE: RDDT

Reddit earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 4 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Reddit reported third quarter 2026 revenue of $895 million, up 53% year-over-year, net income of $283 million and Diluted EPS of $1.40, both up over 70% year-over-year.

Reddit grew revenue 53% year-over-year to $895 million. Advertising revenue was $847 million, driven by higher prices and more impressions. Net income was $283 million (32% of revenue), diluted EPS was $1.40, and Adjusted EBITDA was $402 million, a 45% margin. Operating cash flow was $364 million. Daily Active Uniques rose 12% to 130.3 million, but US daily users fell 2%. Reddit was added to the S&P 500.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$895.0M+53.0% y/yQ3 2026
Q4 2024: $427.7M (worked out from the annual figure)Q4 ’24$427.7MQ1 2025: $392.4MQ1 ’25$392.4MQ2 2025: $499.6MQ2 ’25$499.6MQ3 2025: $584.9MQ3 ’25$584.9MQ4 2025: $725.6M (worked out from the annual figure)Q4 ’25$725.6MQ1 2026: $663.4MQ1 ’26$663.4MQ2 2026: $804.9MQ2 ’26$804.9MQ3 2026: $895.0MQ3 ’26$895.0M

Fourth quarter worked out from the annual figure.

Data
Q4 2024$427.7M *
Q1 2025$392.4M
Q2 2025$499.6M
Q3 2025$584.9M
Q4 2025$725.6M *
Q1 2026$663.4M
Q2 2026$804.9M
Q3 2026$895.0M
Diluted EPS (GAAP)$1.40+75.0% y/yQ3 2026
Q1 2025: $0.13Q1 ’25$0.13Q2 2025: $0.45Q2 ’25$0.45Q3 2025: $0.80Q3 ’25$0.80Q1 2026: $1.01Q1 ’26$1.01Q2 2026: $1.25Q2 ’26$1.25Q3 2026: $1.40Q3 ’26$1.40
Data
Q1 2025$0.13
Q2 2025$0.45
Q3 2025$0.80
Q1 2026$1.01
Q2 2026$1.25
Q3 2026$1.40

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin29.2%+5.5 pts y/yQ3 2026
Q4 2024: 12.4%Q4 ’2412.4%Q1 2025: 1.0%Q1 ’251.0%Q2 2025: 13.6%Q2 ’2513.6%Q3 2025: 23.7%Q3 ’2523.7%Q4 2025: 31.9%Q4 ’2531.9%Q1 2026: 27.6%Q1 ’2627.6%Q2 2026: 28.8%Q2 ’2628.8%Q3 2026: 29.2%Q3 ’2629.2%
Data
Q4 202412.4%
Q1 20251.0%
Q2 202513.6%
Q3 202523.7%
Q4 202531.9%
Q1 202627.6%
Q2 202628.8%
Q3 202629.2%
Free cash flow$362.6M+98.0% y/yQ3 2026
Q4 2024: $89.2MQ4 ’24$89.2MQ1 2025: $126.6MQ1 ’25$126.6MQ2 2025: $110.8MQ2 ’25$110.8MQ3 2025: $183.1MQ3 ’25$183.1MQ4 2025: $263.6MQ4 ’25$263.6MQ1 2026: $311.2MQ1 ’26$311.2MQ2 2026: $260.7MQ2 ’26$260.7MQ3 2026: $362.6MQ3 ’26$362.6M
Data
Q4 2024$89.2M
Q1 2025$126.6M
Q2 2025$110.8M
Q3 2025$183.1M
Q4 2025$263.6M
Q1 2026$311.2M
Q2 2026$260.7M
Q3 2026$362.6M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$427.7Md$392.4M$499.6M$584.9M$725.6Md$663.4M$804.9M$895.0M
Operating income$52.9Md$3.9M$67.7M$138.5M$231.8Md$182.9M$231.7M$261.6M
Operating margin12.4%1.0%13.6%23.7%31.9%27.6%28.8%29.2%
Net income$71.0Md$26.2M$89.3M$162.7M$251.6Md$204.0M$252.8M$283.3M
Diluted EPS—$0.13$0.45$0.80—$1.01$1.25$1.40
Operating cash flow$90.0Md$127.6M$111.3M$185.2M$266.8Md$312.3M$261.9M$363.8M
Capital expenditure$842.0Kd$979.0K$505.0K$2.1M$3.2Md$1.1M$1.1M$1.2M
Free cash flow$89.2M$126.6M$110.8M$183.1M$263.6M$311.2M$260.7M$362.6M
R&D expense$188.6Md$191.3M$196.6M$196.4M$198.9Md$207.2M$231.3M$263.5M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings