Reddit (RDDT) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Reddit published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Reddit does not report an adjusted EPS figure; its main non-GAAP measures are adjusted EBITDA and free cash flow.
• Reddit had said it would stop reporting logged-in and logged-out DAUq as of Q3 2026, but kept them because AI summaries in third-party search have made referral traffic more volatile.

Source: Reddit Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Reddit splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Reddit's Advertising revenue revenue was $847 million in Q3 2026, up 54% from $549 million in Q3 2025, 95% of total revenue.
• Reddit's Other revenue revenue was $48.0 million in Q3 2026, up 35% from $35.6 million in Q3 2025, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Reddit also guided Q4 2026 adjusted EBITDA in the range of $480 million to $510 million.

In its Q3 2026 release, Reddit said:

“As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the fourth quarter.”

“Revenue in the range of $1,000 million to $1,030 million”

Source: Reddit Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RDDT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Reddit reports in thousands; revenue is rounded to the nearest $0.1 million.

We do not hold a confirmed date for Reddit's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Reddit's revenue rose 53% to $895.0 million in Q3 2026, from $584.9 million. Advertising was $847.0 million, up 54%, and other revenue $48.0 million, up 35%. Reddit's 2025 10-K attributes growth in other revenue to content licensing agreements executed in 2024 and 2025. (Reddit Form 10-Q, Q3 2026, Oct 30, 2026; Reddit Q3 2026 release, Oct 29, 2026; Reddit Form 10-K, 2025, Feb 6, 2026)

Reddit says advertising growth came from higher pricing and more impressions, with strength across the ad funnel, particularly the lower funnel, and in verticals including Travel and B2C Services. Reddit Max campaigns moved to general availability in the quarter. (Reddit Q3 2026 letter to shareholders, Oct 29, 2026)

By customer billing address, the United States contributed $718.9 million, up 50%, and the rest of the world $176.0 million, up 67%. No country other than the United States was 10% or more of revenue. Reddit's top ten advertisers were about 21% of revenue in 2025. (Reddit Form 10-Q, Q3 2026, Oct 30, 2026)

Daily active uniques averaged 130.3 million, up 12%, and weekly active uniques 515.2 million, up 16%. Rest-of-world DAUq grew 24% while U.S. DAUq fell 2%. Compared with Q2 2026, global DAUq was flat, with U.S. DAUq down 5%, which Reddit attributes predominantly to third-party search engine changes. Average revenue per unique was $6.87, up 36%. (Reddit Q3 2026 release, Oct 29, 2026; Reddit Form 10-Q, Q3 2026, Oct 30, 2026)

Reddit's GAAP diluted EPS rose 75% to $1.40 in Q3 2026, from $0.80, on net income of $283.3 million against $162.7 million. Reddit does not publish an adjusted EPS figure. Its adjusted EBITDA of $402.3 million excludes stock-based compensation expense and related taxes of $136.4 million, along with depreciation, interest and other income. (Reddit Q3 2026 release, Oct 29, 2026; Reddit Form 10-Q, Q3 2026, Oct 30, 2026)

Income tax expense was $5.8 million on $289.0 million of pre-tax income, which Reddit calls immaterial because it holds a full valuation allowance against its U.S. federal and state deferred tax assets. Reddit says it may be able to release a significant portion of that allowance within the next 12 months, which would affect reported net income. (Reddit Q3 2026 release, Oct 29, 2026; Reddit Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted weighted-average shares were 201,860,245, against 202,727,809 a year earlier. Reddit repurchased about 670 thousand Class A shares for $100 million in the quarter, at an average of $149.81, under a $1.0 billion program authorized on February 4, 2026. (Reddit Q3 2026 release, Oct 29, 2026; Reddit Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Reddit guided Q4 2026 revenue of $1,000 million to $1,030 million and adjusted EBITDA of $480 million to $510 million. Reddit's outlook covers only revenue and adjusted EBITDA, with no figure for net income or EPS. (Reddit Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Reddit, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Reddit's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning RDDT is on is RDDT a buy or a sell?, what analysts expect next is on the RDDT forecast, and what the company does is on the Reddit (RDDT) stock page.

Every number on this page can be traced to a document Reddit published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.