Reddit (RDDT) Announces 61% Revenue Growth in Q2 2026
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowReddit, Inc. (NYSE: RDDT) reported second-quarter revenue of $805 million, a 61% increase year over year. Advertising revenue rose 64% to $762 million, while adjusted EBITDA more than doubled to $343 million. Daily active uniques increased 18% to 130.3 million, and the company forecasts Q3 revenue between $860 million and $870 million. With a forward P/E ratio of 23.31 and a market capitalization of approximately $29.4 billion, Reddit is focused on expanding its direct user base. Understanding Reddit's financial growth and valuation can inform investment decisions concerning its potential performance.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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