Reddit posts Q3 revenue growth but guides below expectations for Q4
Reddit reported third-quarter 2026 revenue of $895 million, up 53% year over year, with net income of $283 million and adjusted EBITDA of $402 million. Diluted EPS was $1.40, while daily active uniques rose 12% year over year to 130.3 million, including a 2% decline in U.S. daily active uniques to 50.7 million. Reddit guided fourth-quarter revenue to $1,000 million-$1,030 million and adjusted EBITDA to $480 million-$510 million, and said it will test requiring users outside the U.S. to log in during the quarter.
Why it matters
The fourth-quarter revenue outlook was below the $1.05 billion estimate cited by CNBC, making forward growth and search traffic the main investor concerns despite the quarterly earnings beat. Reddit said the login test is intended to address weaker Google search referrals and increase focus on logged-in users, but it could change access to the platform for users outside the U.S.
Key facts
- 1Third-quarter revenue increased 53% year over year to $895 million, while advertising revenue rose 54% to $847 million. stocktitan.net
- 2Third-quarter net income was $283 million and adjusted EBITDA was $402 million. stocktitan.net
- 3Diluted third-quarter EPS was $1.40. cnbc.com
- 4Daily active uniques increased 12% year over year to 130.3 million, while U.S.-specific daily active uniques fell 2% year over year to 50.7 million. cnbc.com
- 5Reddit repurchased approximately 670 thousand Class A shares during the quarter for $100 million at an average price of $149.81 per share. stocktitan.net
- 6Reddit was added to the S&P 500 index. stocktitan.net
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.