Filing Flows › Reddit (RDDT) › Q2 2026 › vs Q1 2026
Reddit (RDDT) Q2 2026 vs Q1 2026 (quarter over quarter)
Reddit's revenue rose $141M (+21%) from $663M in Q1 2026 to $805M in Q2 2026. The biggest changes: Advertising revenue +$137M (+22%); Other revenue +$4.5M (+12%). Operating margin 28.8% against 27.6% (+1.2 pts).
Reddit, Q2 2026: revenue $805M (+61% year over year), operating margin 28.8%, net earnings $253M, operating cash flow $262M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 28.8% | 27.6% | +1.2 pts |
| Net margin | 31.4% | 30.7% | +0.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Advertising revenue | $762M | $625M | $137M | +22% |
| Other revenue | $43.3M | $38.7M | $4.5M | +12% |
| Revenue | $805M | $663M | $141M | +21% |
| Other income, net | $25.1M | $22.8M | $2.3M | +10% |
| Operating profit | $232M | $183M | $48.8M | +27% |
| Costs & expenses | $573M | $480M | $92.7M | +19% |
| Pre-tax earnings | $257M | $206M | $51.1M | +25% |
| Cost of revenue | $70.3M | $56.3M | $14.0M | +25% |
| Research & development | $231M | $207M | $24.0M | +12% |
| Sales & marketing | $196M | $151M | $44.4M | +29% |
| General & admin | $75.7M | $65.5M | $10.2M | +16% |
| Net earnings | $253M | $204M | $48.9M | +24% |
| Income tax | $4.0M | $1.7M | $2.2M | +128% |
| Depreciation & amortization | $4.3M | $4.2M | $48K | +1% |
| Share-based compensation | $101M | $68.3M | $32.6M | +48% |
| Working capital & other | $96.2M | −$35.7M | $132M | — |
| Operating cash flow | $262M | $312M | −$50.4M | -16% |
Questions
How much did Reddit's revenue grow quarter over quarter in Q2 2026?
Reddit's revenue rose $141M (+21%) from $663M in Q1 2026 to $805M in Q2 2026.
What drove Reddit's revenue change in Q2 2026?
Advertising revenue +$137M (+22%); Other revenue +$4.5M (+12%).