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AI brief of an SEC Form 8-K · Reddit (RDDT)

Reddit Q1 revenue rises 69% to $663 million; net income reaches $204 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyReddit (RDDT)
Form8-K, current report
Filed with the SECApr 30, 2026, 4:08 PM ET
Accession number0001713445-26-000067

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.