Filing Flows › Reddit (RDDT) › Q2 2026
Reddit (RDDT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Reddit (RDDT) reported revenue of $805M for the second quarter 2026 (Q2 2026), +61% from a year earlier and +21% from the quarter before. Operating margin was 28.8%, net earnings $253M (31.4% of revenue).
Reddit, Q2 2026: revenue $805M (+61% year over year), operating margin 28.8%, net earnings $253M, operating cash flow $262M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $805M | +21% | +61% |
| Operating profit | $232M | +27% | +242% |
| Net earnings | $253M | +24% | +183% |
| Operating cash flow | $262M | -16% | +135% |
| Free cash flow | $261M | — | +135% |
What changed
Revenue was $804.9M in Q2 2026, up 61% year over year and up 21% from the previous quarter. Advertising revenue was the largest line at 95% of revenue. Advertising revenue added $296.8M year over year (up 64%), 97% of the total change.
Operating profit was $231.7M, a 28.8% margin (up 15.2 points year over year). Of the extra revenue versus Q2 2025, 54% reached operating profit, above the 14% margin then. Total costs grew 33% against revenue growth of 61%. The fastest-growing cost line was Sales & marketing (+62%). Net earnings were $252.8M, up 183% year over year. The effective tax rate was 1.6%.
Operating cash flow was $261.9M (up 135% year over year), 104% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $101.0M of share-based compensation. Working capital and other items used $96.2M. After purchases of property and equipment ($1.1M), free cash flow as the company reports it was $260.7M.
Questions
What was Reddit's revenue in the second quarter 2026?
Reddit (RDDT) reported revenue of $805M for the second quarter 2026 (Q2 2026), +61% from a year earlier and +21% from the quarter before.
Was Reddit profitable in the second quarter 2026?
Operating profit was $232M (28.8% of revenue) and net earnings $253M.
Source: Reddit 10-Q on SEC EDGAR.