Reddit, Inc. Q1 2026 Earnings Release

Reddit, Inc. reported strong financial results for the first quarter ended March 31, 2026. Revenue increased by 69% year-over-year to $663 million, with advertising revenue up 74% to $625 million. The company achieved a net income of $204 million, a significant improvement from the previous year, resulting in a net margin of 31%. Adjusted EBITDA reached $266 million, a 131% increase year-over-year, with a margin of 40%. Operating cash flow was $312 million, up 145%, and Free Cash Flow was $311 million, up 146%. Daily Active Uniques (DAUq) grew 17% to 126.8 million, while Weekly Active Uniques (WAUq) increased by 23% to 493.1 million. The company provided a financial outlook for Q2 2026, estimating revenue between $715 million and $725 million, and Adjusted EBITDA between $285 million and $295 million. Reddit highlighted its unique position combining community engagement with commercial intent, its growing influence in the AI landscape, and strategic initiatives to enhance user growth and monetization.