Filing Flows › Reddit (RDDT) › Q2 2025
Reddit (RDDT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Reddit (RDDT) reported revenue of $500M for the second quarter 2025 (Q2 2025), +78% from a year earlier and +27% from the quarter before. Operating margin was 13.6%, net earnings $89.3M (17.9% of revenue).
Reddit, Q2 2025: revenue $500M (+78% year over year), operating margin 13.6%, net earnings $89.3M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $500M | +27% | +78% |
| Operating profit | $67.7M | 17× | — |
| Net earnings | $89.3M | +241% | — |
| Operating cash flow | $111M | -13% | +292% |
| Free cash flow | $111M | — | +308% |
What changed
Revenue was $499.6M in Q2 2025, up 78% year over year and up 27% from the previous quarter. Advertising revenue was the largest line at 93% of revenue. Advertising revenue added $211.7M year over year (up 84%), 97% of the total change.
Operating profit was $67.7M, a 13.6% margin (up 24.6 points year over year). Total costs grew 38% against revenue growth of 78%. The fastest-growing cost line was Sales & marketing (+69%). Net earnings were $89.3M. The effective tax rate was -0.5%. Non-operating items added $21.1M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $111.3M (up 292% year over year), 125% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $89.1M of share-based compensation. Working capital and other items used $71.0M. After purchases of property and equipment ($505K), free cash flow as the company reports it was $110.8M.
Questions
What was Reddit's revenue in the second quarter 2025?
Reddit (RDDT) reported revenue of $500M for the second quarter 2025 (Q2 2025), +78% from a year earlier and +27% from the quarter before.
Was Reddit profitable in the second quarter 2025?
Operating profit was $67.7M (13.6% of revenue) and net earnings $89.3M.
Source: Reddit 10-Q on SEC EDGAR.