# Reddit Reports 53% Revenue Growth and Higher Quarterly Profit

Advertising accounted for most of the platform’s $895 million in third-quarter revenue.

By Will Langan | 24X7 News
Published: 2026-10-29T21:06:45.845Z
Updated: 2026-10-29T21:06:45.845Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/reddit-third-quarter-results-october-29-2026

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

## 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