Reddit Q2 2026: Revenue +61% to $805M, operating income +242%, $1B buyback initiated

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

• high

  Operating income surged 242% YoY to $231.7M, but net income rose only 183% to $252.8M — the$$0.9M net-income gain came partly from below-the-line items (non-operating income +$4.0M, income tax drag -$4.4M, net -$454K), not operations alone.

  MD&A: Operating Results verify on EDGAR →
• high

  Board authorized $1.0B share repurchase program in February 2026; company spent $239.6M repurchasing 1.5M shares in H1 2026, leaving $760.4M available. First buyback program signals confidence and capital return shift.

  MD&A: Capital Allocation verify on EDGAR →
• high

  DAUq growth decelerated to 18% YoY (130.3M users) from 21% prior year, attributed to third-party search engine algorithm changes partially offset by machine translation and marketing. ARPU growth also slowed to 36% ($6.18) from 47% prior year.

  MD&A: User Metrics verify on EDGAR →