Every material Form 8-K Reddit has filed with the SEC since May 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Reddit, Inc. announced its financial results for the third quarter ended September 30, 2026, reporting $895 million in revenue and $283 million in net income, alongside significant growth in daily and weekly active users. However, the company also disclosed that search referral traffic declines have continued into the fourth quarter, which could potentially impact future user metrics. Shareholders also received guidance for fourth-quarter revenue between $1.0 billion and $1.03 billion.
Revenue increased 53% year-over-year to $895 million for the quarter ended September 30, 2026.
Net income reached $283 million, with diluted earnings per share at $1.40.
Global Daily Active Uniques grew 12% year-over-year to 130.3 million.
Fourth-quarter 2026 revenue is estimated to be in the range of $1,000 million to $1,030 million.
Reddit's Chief Legal Officer and Corporate Secretary, Benjamin Lee, notified the company on August 12, 2026 that he will step down effective September 14, 2026. Reddit expects to appoint Paul Cappuccio to succeed him in both roles, and Lee will stay on as an employee through September 25, 2026 to help with the transition.
Benjamin Lee steps down as Chief Legal Officer and Corporate Secretary effective September 14, 2026
Lee remains an employee through September 25, 2026 to assist with the transition
Reddit expects to appoint Paul Cappuccio as Chief Legal Officer and Corporate Secretary
Reddit reported second-quarter 2026 revenue of $805 million, up 61% from a year earlier, with net income of $253 million and diluted EPS of $1.25 versus $0.45 a year ago. The company also estimated third-quarter 2026 revenue of $860 million to $870 million and Adjusted EBITDA of $385 million to $395 million, and repurchased $235 million of Class A stock during the quarter.
Revenue of $805 million rose 61% year-over-year; advertising revenue was $762 million, up 64%
Net income was $253 million and diluted EPS was $1.25, compared with $89 million and $0.45 a year earlier
Adjusted EBITDA was $343 million (43% margin) and free cash flow was $261 million
Third-quarter 2026 estimates: revenue of $860 million to $870 million and Adjusted EBITDA of $385 million to $395 million
Reddit reported first-quarter 2026 results for the quarter ended March 31, 2026, with revenue up 69% year-over-year to $663 million and net income of $204 million, compared with $26 million a year earlier. Diluted earnings per share were $1.01, against $0.13 in the prior-year quarter. The company also projected second-quarter 2026 revenue of $715 million to $725 million and Adjusted EBITDA of $285 million to $295 million.
Revenue of $663 million, up 69% year-over-year; advertising revenue of $625 million, up 74%
Net income of $204 million and diluted EPS of $1.01, versus $26 million and $0.13 a year earlier
Operating cash flow of $312 million; Adjusted EBITDA of $266 million, a 40% margin
Q2 2026 guidance: revenue of $715 million to $725 million and Adjusted EBITDA of $285 million to $295 million
Reddit reported fourth-quarter 2025 revenue of $726 million, up 70% year over year, and net income of $252 million, compared with $71 million a year earlier. The company also gave first-quarter 2026 estimates of $595 million to $605 million in revenue and $210 million to $220 million in Adjusted EBITDA, and its board authorized up to $1 billion in Class A share repurchases, which the company may suspend or discontinue at any time.
Q4 2025 revenue was $726 million, up 70% year over year; ad revenue was $690 million, up 75%.
Q4 2025 net income was $252 million, an improvement of $181 million; Adjusted EBITDA was $327 million.
Q1 2026 estimates: revenue of $595 million to $605 million and Adjusted EBITDA of $210 million to $220 million.
Board authorized a share repurchase program of up to $1 billion of Class A common stock with no expiration date.
Reddit reported third-quarter 2025 results for the period ended September 30, 2025, with revenue up 68% year-over-year to $585 million and net income of $163 million, compared with $30 million a year earlier. The company also gave fourth-quarter 2025 estimates of $655 million to $665 million in revenue and $275 million to $285 million in Adjusted EBITDA, which shareholders can compare with later results.
Revenue was $585 million, up 68% year-over-year; advertising revenue was $549 million, up 74%
Net income was $163 million versus $30 million a year earlier; diluted EPS was $0.80 versus $0.16
Q4 2025 estimates: revenue of $655 million to $665 million and Adjusted EBITDA of $275 million to $285 million
Operating cash flow was $185 million, up from $72 million a year earlier
Reddit reported second-quarter 2025 results for the quarter ended June 30, 2025, with revenue of $500 million, up 78% from $281 million a year earlier, and net income of $89 million compared with a net loss of $10 million in the prior-year quarter. The company also guided to third-quarter 2025 revenue of $535 million to $545 million and Adjusted EBITDA of $185 million to $195 million, which gives shareholders a near-term outlook for the business.
Q2 2025 revenue was $500 million, up 78% year-over-year; advertising revenue was $465 million, up 84%
Diluted EPS was $0.45 versus a loss of $(0.06) a year earlier; Adjusted EBITDA was $167 million versus $40 million
Q3 2025 guidance: revenue of $535 million to $545 million and Adjusted EBITDA of $185 million to $195 million
Cash, cash equivalents, and marketable securities were $2.06 billion as of June 30, 2025
Reddit entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, extending its revolving credit facility to July 1, 2030 and reducing total commitments to $500.0 million. The filing describes a routine refinancing of an existing facility, with liens on substantially all assets continuing and a switch to a maximum total leverage ratio covenant after July 1, 2025.
Revolving credit facility maturity extended to July 1, 2030
Total commitments reduced to $500.0 million; letter of credit sublimit maintained at $100.0 million
Credit spread adjustments removed; pricing described as substantially similar to the existing agreement
Financial covenants transition to a maximum total leverage ratio beginning after July 1, 2025
Reddit reported first-quarter 2025 revenue of $392.4 million, up 61% year-over-year, and net income of $26.2 million, compared with a net loss of $575.1 million a year earlier. The company also estimated second-quarter revenue of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million.
Revenue of $392.4 million rose 61% year-over-year; advertising revenue was $358.6 million.
Net income was $26.2 million, versus a net loss of $575.1 million in Q1 2024; diluted EPS was $0.13.
Adjusted EBITDA was $115.3 million, or 29.4% of revenue; operating cash flow was $127.6 million.
For Q2 2025, Reddit estimates revenue of $410 million to $430 million and Adjusted EBITDA of $110 million to $130 million.
Reddit reported fourth quarter 2024 revenue of $427.7 million, up 71% from a year earlier, and net income of $71.0 million, compared with $18.5 million in the prior-year quarter. For the first quarter of 2025, Reddit estimated revenue of $360 million to $370 million and Adjusted EBITDA of $80 million to $90 million, giving shareholders a range to compare with future results.
Q4 2024 revenue was $427.7 million, up 71% year over year; advertising revenue was $394.5 million.
Q4 2024 diluted EPS was $0.36; basic EPS was $0.40. Net income was $71.0 million versus $18.5 million a year earlier.
Full-year 2024 revenue was $1.3 billion, up 62%, and the full-year net loss was $484.3 million.
Q1 2025 outlook: revenue of $360 million to $370 million and Adjusted EBITDA of $80 million to $90 million.
Reddit reported third-quarter 2024 revenue of $348.4 million, up 68% from $207.5 million a year earlier, and net income of $29.9 million, compared with a net loss of $7.4 million in the prior-year quarter. The company also estimated fourth-quarter 2024 revenue of $385 million to $400 million and Adjusted EBITDA of $110 million to $125 million, which gives shareholders a first look at near-term expectations.
Q3 2024 revenue was $348.4 million, up 68% year-over-year; advertising revenue was $315.1 million, up 56%
Net income was $29.9 million, versus a net loss of $7.4 million in Q3 2023
Q4 2024 estimates: revenue of $385 million to $400 million and Adjusted EBITDA of $110 million to $125 million
Average daily active uniques reached 97.2 million, up 47% year-over-year
Reddit reported second-quarter 2024 results for the period ended June 30, 2024, with revenue up 54% year-over-year to $281.2 million and Adjusted EBITDA of $39.5 million, compared with a $35.4 million loss a year earlier. The net loss narrowed to $10.1 million from $41.1 million, and the company estimated third-quarter revenue of $290 million to $310 million and Adjusted EBITDA of $40 million to $60 million.
Q2 2024 revenue was $281.2 million, up 54% year-over-year; advertising revenue was $253.1 million, up 41%
Net loss was $10.1 million, compared with $41.1 million in Q2 2023; the six-month net loss was $585.2 million
Adjusted EBITDA was $39.5 million, a 14.0% margin, versus $(35.4) million a year earlier
Q3 2024 estimates: revenue of $290 million to $310 million and Adjusted EBITDA of $40 million to $60 million
Reddit reported first-quarter 2024 results, with revenue up 48% year-over-year to $243.0 million and a net loss of $575.1 million, compared with $60.9 million a year earlier. The company said the loss was driven by stock-based compensation and related taxes of $595.5 million tied to IPO charges, while Adjusted EBITDA swung to a profit of $10.0 million. The filing also added Sarah Farrell to the board and gave second-quarter revenue and Adjusted EBITDA ranges.
Q1 2024 revenue was $243.0 million, up 48% year-over-year; advertising revenue was $222.7 million, up 39%
Net loss was $575.1 million versus $60.9 million in Q1 2023, driven by $595.5 million of stock-based compensation and related taxes tied to IPO charges
Adjusted EBITDA was $10.0 million versus a loss of $(50.2) million a year earlier; operating cash flow was $32.1 million
Q2 2024 estimates: revenue of $240 million to $255 million and Adjusted EBITDA of $0 to $15 million; Sarah Farrell joined the board May 2, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Reddit filing is on SEC EDGAR ↗. 8-K briefs of other companies →