Filing Flows › Reddit (RDDT) › Q2 2026 › vs Q2 2025
Reddit (RDDT) Q2 2026 vs Q2 2025 (year over year)
Reddit's revenue rose $305M (+61%) from $500M in Q2 2025 to $805M in Q2 2026. The biggest changes: Advertising revenue +$297M (+64%); Other revenue +$8.4M (+24%). Operating margin 28.8% against 13.6% (+15.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.8% | 13.6% | +15.2 pts |
| Net margin | 31.4% | 17.9% | +13.5 pts |
| Free cash flow margin | 32.4% | 22.2% | +10.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Advertising revenue | $762M | $465M | $297M | +64% |
| Other revenue | $43.3M | $34.8M | $8.4M | +24% |
| Revenue | $805M | $500M | $305M | +61% |
| Other income, net | $25.1M | $21.1M | $4.0M | +19% |
| Operating profit | $232M | $67.7M | $164M | +242% |
| Costs & expenses | $573M | $432M | $141M | +33% |
| Pre-tax earnings | $257M | $88.9M | $168M | +189% |
| Cost of revenue | $70.3M | $45.9M | $24.4M | +53% |
| Research & development | $231M | $197M | $34.7M | +18% |
| Sales & marketing | $196M | $121M | $75.3M | +62% |
| General & admin | $75.7M | $68.8M | $6.9M | +10% |
| Net earnings | $253M | $89.3M | $164M | +183% |
| Income tax | $4.0M | −$439K | $4.4M | — |
| Depreciation & amortization | $4.3M | $3.9M | $324K | +8% |
| Share-based compensation | $101M | $89.1M | $11.9M | +13% |
| Working capital & other | $96.2M | $71.0M | $25.2M | +36% |
| Operating cash flow | $262M | $111M | $151M | +135% |
| Free Cash Flow (company-reported) | $261M | $111M | $150M | +135% |
| Purchases of property and equipment | $1.1M | $505K | $629K | +125% |
Questions
How much did Reddit's revenue grow year over year in Q2 2026?
Reddit's revenue rose $305M (+61%) from $500M in Q2 2025 to $805M in Q2 2026.
What drove Reddit's revenue change in Q2 2026?
Advertising revenue +$297M (+64%); Other revenue +$8.4M (+24%).