Reddit posts 53% revenue growth in Q3 2026 and projects first billion‑dollar quarter
Reddit reported third‑quarter 2026 revenue of $895 million, up 53% year over year, and net income of $283 million, a 70% increase. Advertising generated $847 million of the revenue while data‑licensing deals contributed $48 million. The company announced a test of a logged‑in‑only experience and guided Q4 revenue between $1.0 billion and $1.03 billion.
Why it matters
The strong top‑line growth and upbeat Q4 guidance suggest continued earnings momentum, but the shift to a logged‑in‑only model could curb user reach and affect future ad revenue, a risk highlighted by management. Analysts have raised price targets, and the stock jumped roughly 22% after the release.
Key facts
- 1Q3 2026 revenue was $895 million, up 53% YoY. startupfortune.com
- 2Q3 net income was $283 million, up 70% YoY. startupfortune.com
- 3Diluted earnings per share were $1.40. startupfortune.com
- 4Advertising revenue was $847 million, up 54% YoY. startupfortune.com
- 5Data‑licensing revenue was $48 million. startupfortune.com
- 6Daily active uniques rose 12% to 130.3 million. startupfortune.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.