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Reddit Q2 revenue jumps 61%, weekly users top 500m

Reddit, a US-based social media platform, reported US$805 million in revenue for the second quarter ended June 30, 2026, up 61% year on year.

Daily active uniques rose 18% to 130.3 million, while weekly active uniques climbed 24% to 514.6 million, passing 500 million.

Net income more than doubled to US$253 million. Ad revenue increased 64% to US$762 million, while other revenue rose 24% to US$43 million.

Reddit’s ad growth outpaced the broader market.

PwC forecasts global internet advertising to expand 9.1% annually through 2026.

Reddit did not break down “other revenue” in the release, though investors have focused on data-licensing deals related to AI training.

The company generated US$262 million in operating cash flow and repurchased US$235 million of Class A common stock.

It also forecast third-quarter revenue of US$860 million to US$870 million, with adjusted EBITDA of US$385 million to US$395 million.

Reddit previously said about 50% of its traffic comes from Google, highlighting how search visibility can affect the company’s audience growth.

🔗 Source: Reddit

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