Reddit's quarterly revenue grew from $281.2M in 2024Q2 to $895.0M in 2026Q3, with a 91.5% gross margin and operating margin expanding to 29.2%, suggesting strong operating leverage as SG&A and R&D stayed roughly flat in dollar terms.
Price trend, volume and key moving averages
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Revenue scaled to $895.0M in 2026Q3 with gross margin steady near 91% and operating margin rising from -11.0% in 2024Q2 to 29.2%, though net income of $283.3M exceeding operating income of $261.6M warrants scrutiny of non-operating contributions.
Reddit's user-supported features like Reddit Gold help sustain server costs and promote financial independence from advertisers.
Reddit's platform fosters authentic human connection and endless conversation across thousands of niche communities, driving user retention.
Improved user engagement, content authenticity, and optimized advertising present significant monetization opportunities for Reddit.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $1.40+5.3% vs $1.33 | $895M+2.3% vs $875M |
Q3 2026 Jul 30, 2026 | $1.25+31.7% vs $0.95 | $805M+10.1% vs $731M |
Q2 2026 Apr 30, 2026 | $1.01+77.5% vs $0.57 | $663M+9.1% vs $608M |
Q1 2026 Feb 5, 2026 | $1.24+32.3% vs $0.94 | $726M+9.0% vs $666M |
Reddit plans to test requiring users to log in to access its platform, a sharp change for a site long known for letting people browse without an account. CEO Steve Huffman said declining Google search referrals are part of a broader shift in how the search product sends traffic to the rest of the internet.
Reddit CEO Steve Huffman outlined a plan on Thursday to make signing-in mandatory for most content as the company grapples with data scraping and declining search referral traffic in recent months.
Reddit has long attracted millions of users to its site through Google, with many even appending the word “Reddit” to their search queries for better answers. But as search traffic dries up amid the shift to AI-powered search, Reddit is rethinking its relationship with the open internet.
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended September 30, 2026. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com. “Our business is growing because the Reddit experience captures the human experience in a way that no other platform can replicate,” said Steve Huffman, Founder and CEO of Reddit. “Surpassin.
Benchmark RDDT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Reddit, Inc. (RDDT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $95.10 | $18.31B | 36.30 | 69.4% | 24.05% | 20.94% | — | |
| $18.96 | $12.06B | 31.08 | 15.79% | 3.81% | 5.25% | — | |
| $4.96 | $8.34B | -18.37 | 10.63% | -4.9% | -14.61% | — | |
| $5.97 | $778.67M | -1.00 | -9.89% | -58.99% | -68.91% | — | |
| $39.03 | $9.1B | 16.40 | 0.22% | 20.69% | — | 1.82% | |
| $38.76 | $2.88B | -29.14 | -37.14% | 19.66% | 8.53% | — |
Reddit, Inc. (RDDT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Reddit, Inc. (RDDT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Jul 30, 2026·SEC
Jun 10, 2026·SEC
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Reddit, Inc. (RDDT) stock FAQ — growth, dividends, profitability & financials explained
Reddit, Inc. (RDDT) reported $3.09B in revenue over the trailing twelve months. Revenue was $2.20B in fiscal year 2025. That is 862% more than the $228.9M of fiscal year 2020.
Reddit, Inc. (RDDT) grew revenue by 69.4% in fiscal year 2025, compared with the prior fiscal year.
Yes. Reddit, Inc. (RDDT) earned $991.7M in net income over the trailing twelve months (a 32.1% net margin).
Reddit, Inc. (RDDT) had a return on equity (ROE) of 20.9% in fiscal year 2025. That is well above the market's typical 10-15%.
Reddit, Inc. (RDDT) generated $1.20B in free cash flow over the trailing twelve months.
