Reddit Reports Strong Q3 2026 Earnings: Revenue Up 53% to $895M, Guides Q4 Above $1B

Reddit, Inc. (RDDT) Q3 2026 Financial Results Summary

Reddit, Inc. filed an 8-K under Item 2.02 reporting financial results for its third quarter ended September 30, 2026.

Key Operational & Financial Highlights

• Revenue: Reached $895 million, an increase of 53% year-over-year compared to $585 million in Q3 2025.
  • Advertising revenue rose 54% YoY to $847 million.
  • Other revenue expanded 35% YoY to $48 million.
  • U.S. revenue reached $719 million (+50% YoY); International revenue reached $176 million (+67% YoY).
• User Metrics:
  • Daily Active Uniques (DAUq) climbed 12% YoY to 130.3 million.
  • Weekly Active Uniques (WAUq) expanded 16% YoY to 515.2 million.
• Profitability:
  • GAAP Gross Margin came in at 91.5%, up 50 basis points YoY.
  • Net Income was $283 million (31.7% net margin), up 74% from $163 million in Q3 2025.
  • Diluted EPS rose 75% YoY to $1.40.
  • Adjusted EBITDA jumped 70% YoY to $402 million, delivering a 44.9% adjusted EBITDA margin.
• Cash Flow & Balance Sheet:
  • Operating Cash Flow was $364 million (+96% YoY); Free Cash Flow totaled $363 million (+98% YoY).
  • Total cash, cash equivalents, and marketable securities totaled $3.03 billion.
• Capital Allocation:
  • Repurchased approximately 670,000 shares of Class A common stock for $100 million at an average price of $149.81 per share.
  • Reddit was officially added to the S&P 500 index.

Forward Guidance (Q4 2026)

• Revenue: Projected between $1,000 million and $1,030 million.
• Adjusted EBITDA: Expected between $480 million and $510 million.