Reddit Sees 61% Revenue Surge, Forecasts Strong Q3 Ahead

WHO:

CNBC - Reddit Inc. is the organization reporting the financial results.

WHAT:

Techmeme - Reddit reported second-quarter earnings that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.

CNBC - Reddit reported Q2 revenue of $805 million, which is a 61% increase year-over-year.

CNBC - The reported revenue exceeded Wall Street estimates of $730 million.

Bloomberg - Reddit projected current-quarter revenue that surpassed Wall Street estimates.

CNBC - Reddit's shares dropped over 6% after hours following the earnings report.

WHERE:

CNBC - The financial results pertain to Reddit Inc., which operates primarily online.

WHEN:

Bloomberg - Reddit did not announce any new data licensing agreements during the earnings report.

WHY:

CNBC - The drop in shares was attributed to the lack of new data licensing agreements.

HOW:

CNBC - Reddit's revenue growth was attributed to various factors, including search referrals, which were described as "choppy."

(UPDATED July 31, 2026 00:23 UTC)

Reddit has reported second-quarter earnings that exceeded expectations on both revenue and profits, marking a strong performance for the company. In addition to these impressive results, Reddit also provided guidance that surpassed analysts' forecasts. This positive news comes as the company continues to navigate the competitive landscape of social media.

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(UPDATED July 30, 2026 22:29 UTC)

Reddit Inc. has reported a remarkable second-quarter revenue of $805 million, marking a 61% increase compared to the same period last year and surpassing Wall Street's expectations of $730 million. However, despite this strong financial performance, Reddit's shares fell over 6% in after-hours trading, a decline attributed to the absence of new data licensing agreements. The company noted that its revenue growth was driven by several factors, including search referrals, which were characterized as "choppy."