Reddit Reports Strong Revenue Growth for Third Quarter

The company saw total revenue hit $894.96 million while global daily active users rose to 130.3 million.

Updated on Oct. 29, 2026 in Economic Indicators

Bold flat-color editorial illustration featuring ascending navy-blue geometric blocks and a red vertical pillar, representing institutional financial growth. — Reddit reported total revenue of $894.96 million for the third quarter of 2026, bolstered by advertising growth and an expanded global user base. AI Illustration. Upload story photo >

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Reddit reported $894.96 million in total revenue for the third quarter ending September 30, 2026. This period saw advertising revenue climb to $847 million as the company expanded its global user base.

Why it matters

Growth in the advertising business served as the primary driver for overall revenue increases during the third quarter. Additionally, international markets played a key role in accelerating the company's daily active audience numbers.

Net income reached $283.26 million, representing a 74 percent increase from Q3 2025. Operating cash flow also grew by 96 percent to reach $364 million.

The players

A social media platform that has recently been added to the S&P 500 index.

The details

The platform monetized its traffic through advertising and other revenue streams while successfully growing its global daily active user count to 130.3 million. The company further strengthened its balance sheet, reporting $3.03 billion in cash, cash equivalents, and marketable securities.

September 30, 2026 marked the end of the fiscal quarter for these reported earnings.
Q3 2025 served as the comparative period for net income calculations.
Q4 2026 is the period for which the company has set its upcoming revenue and EBITDA targets.

Macro View

Reddit's recent financial performance follows its addition to the S&P 500 index. This transition places the company within the broader framework of S&P 500 index inclusion criteria and standard institutional investment expectations.

For shareholders, the company repurchased approximately 670,000 Class A shares for $100 million. Investors can monitor the impact of these capital allocation strategies alongside projected Q4 revenue targets of up to $1.03 billion.

The takeaway

Reddit continues to focus on platform monetization through diversified advertising channels and international user growth. Management remains optimistic for the remainder of the year with higher revenue and EBITDA targets set for the fourth quarter.