Reddit reported a strong second quarter with sales rising 61% year-over-year to $805 million, surpassing analyst expectations. Earnings per share reached $1.25, well above the predicted 95 cents. The company’s user base grew 18% globally, and revenue growth was driven by overseas expansion and ad improvements. However, CEO Steve Huffman noted volatility in search referral traffic from Google, which has raised investor concerns and led to a 9% drop in after-hours trading. Reddit plans to explore options regarding its data partnerships with Google amid these challenges, while maintaining confidence in its commercial business and product development.
Reddit reported strong Q2 2026 earnings with 61% revenue growth and a 135% increase in free cash flow, yet its stock fell over 20%, the largest drop since its IPO. Despite the selloff, Reddit's unique role as a key data provider for AI large language...
Reddit reported strong Q2 results with revenue up 61% to $805 million and earnings per share rising to $1.25, beating estimates. However, shares dropped nearly 9% premarket due to worries about search traffic and potential changes in Google data acce...
Reddit reported Q2 earnings per share of $1.25, surpassing analyst estimates by over 31%, and revenue of $804.91 million, a 61% increase year-over-year. The company's user base grew significantly, with Daily Active Uniques up 18% and Weekly Active Un...
