Reddit reported second quarter 2026 financial results
Revenue grew 61% to $805 million, net income more than doubled to $253 million.
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Interest-based online community platform
redditinc.comLast updated
In short: Reddit increased its advertising market share and expanded AI data licensing while navigating platform outages and regulatory challenges.
Revenue grew 61% to $805 million, net income more than doubled to $253 million.
A conference call will be held at 1:30 p.m. PT, with materials on investor.redditinc.com.
They now block millions of spam views daily and enforce hate content in under five seconds, reducing exposure by 40%.
These tools include free-form ad generator, tailored creative assets, Redditor Highlights, Shopping Listing Ads, and ML-driven performance improvements.
Reddit shares plunged the most on record on Friday after US daily users, lack of new AI deal announcements dissapointed investors.
Reddit shares dropped over 20% Friday after CEO Steve Huffman said the social media company saw volatile search referrals and traffic.
CNBC’s Julia Boorstin and Reddit CEO Steve Huffman join 'Squawk Box' to discuss Reddit's stock dropping 11 percent this week despite a big beat, 'choppy...
Reddit posted $253 million in Q2 net income on $805 million revenue, but warned that search referral traffic turned volatile ...
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