Reddit — Third Quarter 2026 Earnings Summary

Reddit reported third-quarter 2026 revenue of $895 million, representing a 53% year-over-year increase, driven by a 54% rise in advertising revenue. The company achieved net income of $283 million and adjusted EBITDA of $402 million, while daily active uniques grew 12% year-over-year to 130.3 million. Reddit's balance sheet remains strong with $3.03 billion in cash, equivalents, and marketable securities, and the company repurchased $100 million of its stock during the quarter. Looking ahead, the company forecasts fourth-quarter revenue between $1 billion and $1.03 billion and adjusted EBITDA between $480 million and $510 million.