tech
April 30, 2026
Reddit reports 69% jump in revenue, topping analyst estimates
Reddit reported first-quarter earnings and revenue that exceeded Wall Street expectations.
TL;DR
- Reddit exceeded profit and revenue expectations for the first quarter.
- Revenue increased by 69% year-over-year to $663 million.
- Net income soared to $204 million, or $1.01 per share.
- The company provided an optimistic forecast for the second quarter, exceeding analyst estimates.
- Daily active unique users rose 17% year-over-year to 126.8 million.
- Average revenue per user was $5.23, topping analyst estimates.
- CEO Steve Huffman highlighted the company's engaged communities and unique advantage in the age of AI.
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