Reddit, Inc. has announced impressive financial results for the third quarter of 2026, showcasing significant growth in both revenue and user engagement. The company reported a 53% increase in revenue year-over-year, totaling $895 million, with net income rising to $283 million. This strong performance is indicative of Reddit's competitive position within the computer processing and data preparation industry.

On October 29, 2026, Reddit released its financial results for the quarter ended September 30, 2026. The company also announced a conference call to discuss these results, which took place on the same day. During the call, Reddit encouraged community engagement by inviting questions from users in its investor relations subreddit, r/RDDT.

Background

Reddit, Inc. operates under the SIC classification of 7374, which pertains to services in computer processing and data preparation. The company trades on the New York Stock Exchange under the ticker symbol RDDT. Reddit is a large accelerated filer and is headquartered in San Francisco, California.

What the Filing Says

The SEC filing reveals that Reddit's Daily Active Uniques (DAUq) increased by 12% year-over-year to 130.3 million, while Weekly Active Uniques (WAUq) rose by 16% to 515.2 million. The company highlighted that its logged-in DAUq and App DAUq, which represent its most engaged and monetizable users, also showed growth quarter-over-quarter.

In terms of financial performance, Reddit reported:

  • Revenue of $895 million, a 53% increase year-over-year.
  • Net income of $283 million, which is 32% of revenue, and a 70% year-over-year increase.
  • Diluted earnings per share (EPS) of $1.40, reflecting a 75% increase year-over-year.
  • Adjusted EBITDA of $402 million, representing 45% of revenue, up 70% from the previous year.
  • Operating cash flow of $364 million, a 96% increase year-over-year.

Impact

The results are likely to impact various stakeholders, including investors, employees, and users of the platform. Investors may view the strong financial performance as a positive indicator of Reddit's growth potential and market position. Employees could experience increased job security and potential for growth within the company, while users may benefit from continued enhancements to the platform as Reddit invests in its services.

What's Next

The filing does not say what happens next, but the strong results may lead to further strategic initiatives and investments in user engagement and platform development.