Reddit’s Third-Quarter Revenue Jumps 53% as User Base Expands

Reddit, Inc. reported third-quarter 2026 revenue of $895 million, up 53% year-over-year, the company said in a press release filed with the SEC.

Daily Active Uniques rose 12% year-over-year to 130.3 million, while Weekly Active Uniques increased 16% to 515.2 million. Logged-in and app-based daily active users, which the company described as its most engaged and monetizable users, grew quarter-over-quarter in both the U.S. and the rest of the world.

Net income for the quarter was $283 million, representing 32% of revenue and a $121 million improvement from the prior year. Diluted earnings per share were $1.40, up 75% year-over-year. Adjusted EBITDA reached $402 million, or 45% of revenue, an increase of $166 million from a year earlier.

Operating cash flow came in at $364 million, 41% of revenue, up 96% from the prior year, and Free Cash Flow was $363 million. Ad revenue grew 54% to $847 million, while Other revenue increased 35% to $48 million. Gross margin was 91.5%, up 50 basis points year-over-year.

Reddit held $3.03 billion in cash, cash equivalents, and marketable securities as of September 30, 2026. The company repurchased approximately 670 thousand shares of Class A common stock during the quarter for $100 million, at an average price of $149.81 per share. Total fully diluted shares outstanding were 206.3 million, down 0.3% from the prior quarter.

For the fourth quarter of 2026, Reddit estimated revenue in the range of $1,000 million to $1,030 million and Adjusted EBITDA between $480 million and $510 million. The company also noted it was added to the S&P 500 index during the period.

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 28, 2026