NYSE: RDDT Reddit, Inc. 8-K

Reddit reports Q2 revenue up 61% to $805M, net income $253M, announces $235M buyback

Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read

Key Changes

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Q2 revenue $805M (+61% YoY), net income $253M (31% margin, more than doubled YoY), diluted EPS $1.25 (+178% YoY); Adjusted EBITDA $343M (43% margin); operating cash flow $262M

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Repurchased 1.5M Class A shares for $235M at avg $157.57/share in Q2, first disclosed buyback activity; free cash flow $261M (more than doubled YoY) supports capital return

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Daily active uniques 130.3M (+18% YoY), weekly active uniques 514.6M (+24% YoY); international DAUq +28% vs U.S. +6%; logged-out users +27% vs logged-in +7%

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Ad revenue $762M (+64% YoY) driven by pricing and impression growth; international revenue +84% YoY vs U.S. +56%; other revenue $43M (+24% YoY)

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Q3 guidance: revenue $860M–$870M, Adjusted EBITDA $385M–$395M (midpoint ~45% margin, up from 43% in Q2)

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Summary

Reddit reported strong Q2 2026 results with revenue of $805 million, up 61% year-over-year, marking the eighth consecutive quarter of over 60% revenue growth. Net income more than doubled to $253 million (31% margin), with diluted EPS of $1.25 up 178%. Adjusted EBITDA reached $343 million (43% margin), also more than doubling from the prior year.

The company generated $262 million in operating cash flow and $261 million in free cash flow, both more than doubling year-over-year. Reddit executed its first disclosed share repurchase, buying back 1.5 million Class A shares for $235 million at an average price of $157.57 per share, signaling confidence in its financial position and commitment to capital return.

User growth remained robust with daily active uniques reaching 130.3 million (+18% YoY) and weekly active uniques crossing half a billion at 514.6 million (+24% YoY). International markets drove stronger growth (DAUq +28%) compared to the U.S. (+6%), while logged-out users (+27%) outpaced logged-in users (+7%). Advertising revenue of $762 million grew 64% year-over-year, driven by both pricing and impression gains, while other revenue contributed $43 million (+24% YoY). The company provided Q3 guidance of $860M–$870M in revenue and $385M–$395M in Adjusted EBITDA, implying continued margin expansion to approximately 45%. Reddit also formalized its Regulation FD disclosure channels, designating its IR website, executive Reddit accounts (CEO u/spez, COO u/adsjunkie, CFO u/TimingandLuck), and subreddits r/RDDT and r/reddit as official channels for material information.

Section-by-Section Diff

Event · Item 2.02 — Results of Operations and Financial Condition

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Reddit disclosed Q2 2026 financial results via press release and shareholder letter, with earnings call scheduled for July 30, 2026.

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Added Q2 2026 earnings disclosure high

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On July 30, 2026, Reddit, Inc. (“Reddit”) issued a press release and a letter to shareholders announcing its financial results for the quarter ended June 30, 2026.

Reddit announced its financial results for the second quarter of 2026 ending June 30. The company issued both a press release and a shareholder letter to communicate these results. The filing does not disclose specific financial metrics in the 8-K body itself; those details are contained in the attached exhibits.

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Reddit also announced that it would be holding a conference call on July 30, 2026 at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss its financial results for the quarter. Reddit will also solicit questions from the Reddit community in its investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, July 30, 2026, and post responses following the earnings call at Reddit’s Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/.

Reddit scheduled an earnings conference call for July 30, 2026 at 1:30 p.m. Pacific Time. The company is also engaging its community by soliciting questions through its investor relations subreddit r/RDDT and will post responses after the call on both its IR website and the subreddit. This represents Reddit's distinctive approach to investor communications by leveraging its own platform.

Added Regulation FD disclosure channels medium

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Reddit uses the investor relations page on its website https://investor.redditinc.com, user accounts of Reddit's Chief Executive Officer, Steve Huffman (u/spez); Reddit's Chief Operating Officer, Jen Wong (u/adsjunkie); and Reddit's Chief Financial Officer, Drew Vollero (u/TimingandLuck), as well as the subreddits r/RDDT and r/reddit, available at https://www.reddit.com/r/RDDT/ and https://www.reddit.com/r/reddit/, respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

Reddit formally designated multiple channels for material disclosures under Regulation FD, including its IR website, executive user accounts on Reddit (CEO Steve Huffman as u/spez, COO Jen Wong as u/adsjunkie, CFO Drew Vollero as u/TimingandLuck), and specific subreddits r/RDDT and r/reddit. This disclosure establishes that investors should monitor these Reddit-native channels for material information.

Event · Exhibit 99.1

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Reddit reported Q2 2026 results with 61% revenue growth to $805M, net income of $253M (31% margin), and announced a $235M share buyback.

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Total revenue increased 61% year-over-year to $805 million, Ad revenue increased 64% year-over-year to $762 million, and Other revenue increased 24% year-over-year to $43 million

Reddit reported total revenue of $805 million for Q2 2026, up 61% year-over-year, marking the eighth consecutive quarter of over 60% revenue growth. Advertising revenue drove the majority at $762 million (up 64%), while other revenue contributed $43 million (up 24%). The company highlighted crossing $1 million in revenue per employee as a milestone reflecting the strength of its community model.

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Net income was $253 million, an improvement of $164 million from the prior year and more than doubling year-over-year

Reddit achieved net income of $253 million in Q2 2026, representing a 31% net margin and more than doubling from $89 million in the prior year. Diluted EPS was $1.25, up 178% year-over-year. Adjusted EBITDA reached $343 million (43% margin), also more than doubling from $167 million in Q2 2025. Operating cash flow was $262 million (33% margin), up 135% year-over-year.

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In the third quarter of 2026, we estimate:

•Revenue in the range of $860 million to $870 million

•Adjusted EBITDA2 in the range of $385 million to $395 million

Reddit provided Q3 2026 guidance projecting revenue of $860 million to $870 million (midpoint up approximately 8% sequentially) and Adjusted EBITDA of $385 million to $395 million (midpoint up approximately 14% sequentially). The guidance implies continued strong growth and margin expansion, with Adjusted EBITDA margin at the midpoint reaching approximately 45%.

Event · Exhibit 99.2

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Revenue was $805 million, an increase of 61% year-over-year Gross margin was 91.3%, as compared to 90.8% in the prior year, up 50 bps year-over-year Net income was $253 million and net margin was 31%, an improvement of $164 million from the prior year and more than doubling year-over-year Adjusted EBITDA¹ was $343 million and Adjusted EBITDA margin was 43%, an improvement of $176 million from the prior year and more than doubling year- over-year Operating cash flow was $262 million, an improvement of $151 million from the prior year and more than doubling year-over-year Free cash flow² was $261 million, an improvement of $150 million from the prior year and more than doubling year-over-year Basic and diluted earnings per share were $1.31 and $1.25, more than doubling year-over-year

Reddit disclosed strong Q2 2026 financial results with revenue of $805 million (up 61% year-over-year), net income of $253 million (up $164 million from prior year), and Adjusted EBITDA of $343 million (up $176 million). Diluted EPS was $1.25, more than doubling year-over-year. Operating cash flow reached $262 million and free cash flow was $261 million, both more than doubling from the prior year.