Form 10-Q · Quarterly report
Reddit 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0001713445
- Accession no.
- 0001713445-26-000100
Summary
Reddit reported second-quarter 2026 revenue of $804.9 million, up 61% year over year, with daily active uniques of 130.3 million (up 18%) and net income of $252.8 million, and said it will stop breaking out logged-in versus logged-out daily active uniques beginning in the quarter ending September 30, 2026.
Key points
- Gross margin was 91.3% versus 90.8% a year earlier, while operating expenses rose to $502.9 million from $386.0 million.
- Net income was $252.8 million versus $89.3 million a year earlier, and adjusted EBITDA was $342.8 million versus $166.7 million.
- Global ARPU was $6.18, up 36% year over year, with US ARPU at $11.85 and rest-of-world ARPU at $2.26; ad prices rose about 40% and ad impressions about 17%.
- Free cash flow was $260.7 million and cash, cash equivalents and marketable securities totaled $2.8 billion as of June 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited consolidated financial statements and related notes included elsewhere in this Quarterly Report on Form 10-Q and our audited consolidated financial statements and the related notes and the discussion under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our Annual Report on Form 10-K for the year ended December 31, 2025 (the “Annual Report”). …
An excerpt of the text as filed with the SEC, cut for length.
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