Earnings Releases·Oct 29, 2026, 4:08 PM ET

Reddit — Third Quarter 2026 Earnings Summary

Total revenue grew 53% year-over-year to $895 million, driven by a 54% increase in ad revenue, while net income rose to $283 million and diluted EPS increased 75% to $1.40.
Adjusted EBITDA expanded 70% year-over-year to $402 million, and free cash flow surged 98% to $363 million, supported by a 91.5% gross margin and minimal capital expenditures of $1 million.
The company provided Q4 2026 guidance estimating revenue between $1.00 billion and $1.03 billion and adjusted EBITDA between $480 million and $510 million.
Reddit was added to the S&P 500 index, and the company executed $100 million in share repurchases (670,000 shares) while maintaining $3.03 billion in cash and marketable securities.