Reddit reported October 29 that third-quarter revenue rose 53% from a year earlier to $895 million, as advertising sales increased and its user measures expanded.
Advertising revenue increased 54% to $847 million. Other revenue rose 35% to $48 million, according to the company’s results release.
Net income reached $283 million, compared with $163 million a year earlier. Diluted earnings increased to $1.40 per share from 80 cents. The financial quarter ended September 30.
Reddit reported 130.3 million daily active uniques, up 12%, and 515.2 million weekly active uniques, up 16%. These are the company’s reported activity measures.
Operating cash flow rose to $364 million from $185 million. Reddit also repurchased approximately 670,000 Class A shares for $100 million during the quarter.
For the fourth quarter, management projected revenue of $1 billion to $1.03 billion and adjusted earnings before interest, taxes, depreciation and amortization of $480 million to $510 million.
The adjusted measure differs from GAAP net income. The fourth-quarter outlook represents estimates, rather than completed results.
Sources: Reddit — October 29 Financial Results: https://investor.redditinc.com/news-events/news-releases/news-details/2026/Reddit-Reports-Third-Quarter-2026-Results/default.aspx