Reddit Q1 Earnings

Reddit (NYSE:RDDT) reported first‑quarter 2026 revenue of $663.4 million, a 69.1 % year‑over‑year increase, and net income of $203.98 million. GAAP net income was $204 million, and adjusted EBITDA margin reached 40 %. Adjusted EBITDA for the quarter was $285–$295 million, implying 71–77 % year‑over‑year growth. Management guided Q2 revenue to $715–$725 million, a 43–45 % year‑over‑year rise, and adjusted EBITDA to $285–$295 million. The company ended Q1 with $2.8 billion in cash and investments, a capital‑light model with CapEx only 0.2 % of revenue.