[iHub News]

Reddit Shares Jump 17% Premarket as Revenue Strength and EBITDA Growth Outshine Earnings Miss

May 1, 2026 5:21 AM
IH Market News

Reddit Inc (NYSE:RDDT) shares surged 17% in premarket trading on Friday after the company delivered a strong revenue beat for the first quarter. While diluted earnings per share of $1.01 came in below the analyst forecast of $1.11, investor focus shifted to the platform’s robust top-line growth of 69% year over year.

Revenue and User Growth Exceed Expectations

Total revenue reached $663 million, comfortably ahead of the $609.8 million consensus estimate, driven by accelerating advertising demand. Daily active unique users (DAUq) rose to 126.8 million, up 17% year over year and 4% sequentially from 121.4 million in the prior quarter. The figure also edged past the Street expectation of 126 million.

Higher-value U.S. daily users totaled 53.5 million, slightly below the 53.8 million forecast, according to Bank of America. Logged-in daily users stood at 52 million, also trailing the 52.8 million estimate.

Analyst Justin Post noted that the results reflected “another strong revenue beat while U.S. user trends [are] still soft.”

Management Highlights Platform Strength and AI Positioning

CEO Steve Huffman credited Reddit’s distinctive community-driven model for its improving financial performance and operational efficiency.

“Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation,” Huffman said in a statement accompanying the results.

Management emphasized that continued user growth combined with strong margins—gross margin reached 91.5%—positions the company well for long-term scaling. Huffman added that the platform’s structure provides “a unique advantage in the age of AI.”

Profitability and Cash Flow Show Strong Gains

Profitability improved significantly during the quarter, with adjusted EBITDA rising 131% to $266 million. Free cash flow also increased sharply to $311 million, compared with $127 million in the same period last year.

Positive Outlook Supports Momentum

For the second quarter, Reddit expects revenue to come in between $715 million and $725 million, exceeding Wall Street expectations at the midpoint of $720 million. The guidance suggests continued strength in monetisation trends.

“Reddit continues to show solid progress on improving ad performance and monetization,” Post added.

Average revenue per user climbed 44% globally to $5.23, driven by a 54% increase in the key U.S. market. Growth in logged-out users, which rose 26% worldwide, indicates expanding reach through search and discovery channels.

International Expansion Drives Further Growth

The platform also saw strong international momentum, with daily users outside the U.S. rising 26% compared with the prior year. Huffman concluded that the company’s current trajectory is “driving a rare combination of growth, profitability, and efficiency.”

Reddit stock price

Original: Reddit Shares Jump 17% Premarket as Revenue Strength and EBITDA Growth Outshine Earnings Miss

[iHub News]

Wall Street Futures Edge Higher After Record Highs as Earnings and Iran Tensions Stay in Focus: Dow Jones, S&P, Nasdaq

May 1, 2026 4:45 AM
IH Market News

U.S. stock futures moved slightly higher on Friday after the S&P 500 and Nasdaq Composite closed at fresh record highs in the previous session. Investors continued to weigh strong corporate earnings against ongoing geopolitical uncertainty linked to the Iran conflict.

As of 07:25 GMT, S&P 500 futures were up 0.2% at 7,255.0 points, while Nasdaq 100 futures rose 0.1% to 27,617.25 points. Dow Jones Industrial Average futures also gained 0.1% to 49,900.0 points.

Strong Earnings Drive Market Momentum

Equities ended Thursday on a positive note, with the S&P 500 climbing 1% to close above 7,200 for the first time. The Nasdaq Composite added around 0.9%, also reaching a record high, while the Dow Jones outperformed with a 1.6% gain.

The rally was supported by robust corporate earnings, which reinforced confidence in business performance and helped offset concerns around inflation and geopolitical risks.

In after-hours trading, Apple (NASDAQ:AAPL) shares rose nearly 3% following its latest results, as investors responded positively to strong iPhone demand and continued growth in its high-margin services segment. The company reported record revenue and earnings per share, with iPhone sales increasing more than 20% for a second consecutive quarter.

Meanwhile, Reddit (NYSE:RDDT) surged over 13% after the close, driven by better-than-expected first-quarter results and higher daily active user figures.

Investors are now looking ahead to further earnings releases, with companies including Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), and AutoNation (NYSE:AN) set to report before Friday’s opening bell.

Geopolitical Risks Keep Sentiment Fragile

Despite strong earnings momentum, market sentiment remains cautious due to escalating geopolitical tensions. Reports indicated that Donald Trump is set to receive a briefing on potential new military options against Iran, raising the risk of further escalation.

Iran has warned that any renewed U.S. military action would trigger “long and painful strikes” on American positions in the region.

The Strait of Hormuz continues to face disruption, affecting a key global oil shipping route and tightening supply expectations. Brent crude surged above $126 per barrel on Thursday—its highest level in four years—before pulling back to around $114 amid profit-taking and currency movements.

Apple stock price

Reddit stock price

Chevron stock price

ExxonMobil stock price

AutoNation stock price

Original: Wall Street Futures Edge Higher After Record Highs as Earnings and Iran Tensions Stay in Focus: Dow Jones, S&P, Nasdaq

[US Market News]

Reddit Reports First Quarter 2026 Results

April 30, 2026 4:07 PM
Business Wire

Daily Active Uniques (“DAUq”) increased 17% year-over-year to 126.8 million

Revenue grew 69% year-over-year to $663 million

Net income of $204 million, 31% of revenue. Diluted EPS of $1.01, up 7x year-over-year

Adj. EBITDA¹ of $266 million, 40% of revenue, up 131% year-over-year

Operating cash flow of $312 million, 47% of revenue, up 145% year-over-year

Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2026. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com.

“Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation,” said Steve Huffman, Founder and CEO of Reddit. “That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI.”

• 
  Total revenue increased 69% year-over-year to $663 million, Ad revenue increased 74% year-over-year to $625 million, and Other revenue increased 15% year-over-year to $39 million
  
  


• 
  Gross margin was 91.5%, as compared to 90.5% in the prior year
  
  


• 
  Net income was $204 million, an improvement of $178 million from the prior year
  
  


• 
  Adjusted EBITDA¹ was $266 million, an improvement of $151 million from the prior year
  
  


• 
  Operating cash flow was $312 million, an improvement of $185 million from the prior year
  
  


• 
  Free Cash Flow¹ was $311 million, an improvement of $185 million from the prior year
  
  


• 
  Basic and diluted earnings per share (“EPS”) were $1.07 and $1.01, up 664% and 677% from the prior year, respectively
  
  


• 
  Total fully diluted shares outstanding were 206.4 million as of March 31, 2026, up 0.2% from the prior year
  
  

First Quarter 2026 Financial Highlights

	Three months ended March 31,
(in millions, except percentages and per share amounts; unaudited)		2026				2025			% Change
Revenue	$	663			$	392			69%
U.S.	$	526			$	314			67%
International	$	138			$	79			76%
GAAP gross margin		91.5	%			90.5	%
Net income	$	204			$	26			680%
Net margin		30.7	%			6.7	%
Net income per share
Basic	$	1.07			$	0.14			664%
Diluted	$	1.01			$	0.13			677%
Adjusted EBITDA*	$	266			$	115			131%
Adjusted EBITDA margin*		40.1	%			29.4	%
Net cash provided by (used in) operating activities	$	312			$	128			145%
Free Cash Flow*	$	311			$	127			146%
Cash, cash equivalents, and marketable securities	$	2,771

*The definitions of Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow can be found in the Use of Non-GAAP Financial Measures section of this release. A reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure can be found on pages 10-11.

Financial Outlook

The guidance provided below is based on Reddit’s current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit’s reports on file with the Securities and Exchange Commission (the “SEC”). Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.

As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the second quarter.

In the second quarter of 2026, we estimate:

• 
  Revenue in the range of $715 million to $725 million
  
  


• 
  Adjusted EBITDA² in the range of $285 million to $295 million
  
  

Earnings Conference Call Information and Community Update

Reddit will host a conference call to discuss the results for the first quarter of 2026 on Thursday, April 30, 2026, at 1:30 p.m. PT / 4:30 p.m. ET. A live webcast of the call can be accessed on Reddit’s Investor Relations website at https://investor.redditinc.com and investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/. A replay of the webcast and transcript will be available on the same websites following the conclusion of the conference call.

Reddit will solicit questions from the community in the investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, April 30, 2026, after the market closes, and post responses following the earnings call at Reddit’s Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/.

Reddit uses the investor relations page on its website https://investor.redditinc.com, user accounts of Reddit's Chief Executive Officer, Steve Huffman (u/spez); Reddit's Chief Operating Officer, Jen Wong (u/adsjunkie); and Reddit's Chief Financial Officer, Drew Vollero (u/TimingandLuck), as well as the subreddits r/RDDT and r/reddit, available at https://www.reddit.com/r/RDDT/ and https://www.reddit.com/r/reddit/, respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

Notes

¹ The definitions of Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow can be found in the Use of Non-GAAP Financial Measures section of this release. A reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure can be found on pages 10-11.

² We have not provided a reconciliation to the forward-looking U.S. GAAP equivalent measures for our non-GAAP guidance due to uncertainty regarding, and the potential variability of, reconciling items. Therefore, a reconciliation of these non-GAAP guidance measures to their corresponding U.S. GAAP guidance measures is not available without unreasonable effort.

About Reddit

Reddit is a community of communities. Built on shared interests and passions, it is home to the most open and authentic conversations online. Every day, millions of people post, vote, comment, and search for answers across nearly every topic imaginable, and brands build trusted relationships with their audiences. With 25+ billion posts and comments and more than 126 million daily active uniques, Reddit is one of the internet’s largest sources of information. Learn more at www.redditinc.com. The Reddit app is available on the App Store and Google Play.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Reddit's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Reddit's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Reddit’s future financial and operating performance, and GAAP and non-GAAP guidance. Reddit's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including those more fully described under the caption “Risk Factors” and elsewhere in documents that Reddit files with the SEC from time to time, including Reddit’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which is being filed with the SEC at or around the date hereof. The forward-looking statements in this release are based on information available to Reddit as of the date hereof, and Reddit undertakes no obligation to update any forward-looking statements, except as required by law.

A Note About Metrics

We define a daily active unique (“DAUq”) as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a 24-hour period. Average DAUq for a particular period is calculated by adding the number of DAUq on each day of that period and dividing that sum by the number of days in that period.

We define a weekly active unique (“WAUq”) as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a trailing seven-day period. Average quarterly WAUq for a particular period is calculated by adding the number of WAUq on each day of that period and dividing that sum by the number of days in that period.

We define average revenue per unique (“ARPU”) as quarterly revenue in a given geography divided by the average DAUq in that geography. For the purposes of calculating ARPU, advertising revenue in a given geography is based on the geographic location in which advertising impressions are delivered, as this approximates revenue based on user activity, while other revenue in a given geography is based on the billing address of the customer.

Use of Non-GAAP Financial Measures

We use certain non-GAAP financial measures to supplement our consolidated financial statements, which are presented in accordance with U.S. GAAP, to evaluate our core operating performance. These non-GAAP financial measures include Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow, and Free Cash Flow margin. We use these non-GAAP financial measures to facilitate reviews of our operational performance and as a basis for strategic planning. By excluding certain items that are non-recurring or not reflective of the performance of our normal course of business, we believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. Accordingly, we believe these non-GAAP financial measures are useful to investors and others because they allow investors to supplement their understanding of our financial trends and evaluate our ongoing and future performance in the same manner as management. However, there are a number of limitations related to the use of non-GAAP financial measures as they reflect the exercise of judgment by our management about which expenses are included or excluded in determining these non-GAAP measures. These non-GAAP measures should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with U.S. GAAP. Other companies, including companies in our industry, may calculate these non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures.

A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP. Reddit encourages investors to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures, and not to rely on any single financial measure to evaluate Reddit’s business. We have not provided a reconciliation to the forward-looking GAAP equivalent measures for our non-GAAP guidance due to uncertainty regarding, and the potential variability of, reconciling items. Therefore, a reconciliation of these non-GAAP guidance measures to their corresponding GAAP guidance measures is not available without unreasonable effort.

Adjusted EBITDA is defined as net income excluding interest (income) expense, net, income tax expense (benefit), depreciation and amortization, stock-based compensation expense and related taxes, other (income) expense, net, and certain other non-recurring or non-cash items impacting net income that we do not consider indicative of our ongoing business performance. Other (income) expense, net consists primarily of realized gains and losses on sales of marketable securities, foreign currency transaction gains and losses, and other income and expense that are not indicative of our core operating performance. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. We consider the exclusion of certain non-recurring or non-cash items in calculating Adjusted EBITDA and Adjusted EBITDA margin to provide a useful measure for investors and others to evaluate our operating results in the same manner as management.

Free Cash Flow represents net cash provided by (used in) operating activities less purchases of property and equipment. Free Cash Flow margin is defined as Free Cash Flow divided by revenue. We believe that Free Cash Flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth. Additionally, we believe that Free Cash Flow is an important measure since we use third-party infrastructure partners to host our services and therefore we do not incur significant capital expenditures to support revenue generating activities.

Reddit, Inc. Key Operating Metrics by Geography (in millions, except percentages and ARPU) (unaudited)
	Three months ended March 31,
		2026			2025		% Change
Revenue: Global	$	663.4		$	392.4		69%
Revenue: U.S.	$	525.6		$	313.9		67%
Revenue: International	$	137.8		$	78.5		76%
	Three months ended March 31,
		2026			2025		% Change
DAUq: Global		126.8			108.1		17%
DAUq: U.S.		53.5			50.1		7%
DAUq: International		73.3			58.0		26%
Logged-in DAUq: Global		52.0			48.7		7%
Logged-in DAUq: U.S.		23.2			23.0		1%
Logged-in DAUq: International		28.8			25.8		12%
Logged-out DAUq: Global		74.8			59.4		26%
Logged-out DAUq: U.S.		30.3			27.1		12%
Logged-out DAUq: International		44.5			32.2		38%
WAUq: Global		493.1			401.3		23%
WAUq: U.S.		196.5			178.3		10%
WAUq: International		296.6			223.0		33%
ARPU: Global	$	5.23		$	3.63		44%
ARPU: U.S.	$	9.63		$	6.27		54%
ARPU: International	$	2.02		$	1.34		51%

Reddit, Inc. Consolidated Statements of Operations (in thousands, except share and per share amounts) (unaudited)
	Three months ended March 31,
		2026			2025
Revenue	$	663,411		$	392,361
Costs and expenses:
Cost of revenue		56,267			37,089
Research and development		207,246			191,271
Sales and marketing		151,472			90,685
General and administrative		65,514			69,413
Total costs and expenses		480,499			388,458
Income from operations		182,912			3,903
Other income (expense), net		22,816			20,534
Income before income taxes		205,728			24,437
Income tax expense (benefit)		1,747			(1,721	)
Net income	$	203,981		$	26,158
Net income per share attributable to Class A and Class B common stock
Basic	$	1.07		$	0.14
Diluted	$	1.01		$	0.13
Weighted-average shares used to compute net income per share attributable to common stockholders
Basic		191,518,973			182,024,207
Diluted		202,524,173			201,275,223

Reddit, Inc. Consolidated Balance Sheets (in thousands) (unaudited)
	March 31, 2026				December 31, 2025
Assets
Current assets
Cash and cash equivalents	$	1,374,348			$	953,569
Marketable securities		1,396,284				1,523,242
Accounts receivable, net		522,905				590,162
Prepaid expenses and other current assets		92,397				69,012
Total current assets		3,385,934				3,135,985
Property and equipment, net		11,866				12,710
Operating lease right-of-use assets, net		19,001				20,788
Intangible assets, net		13,043				15,521
Goodwill		42,174				42,174
Other noncurrent assets		12,265				11,995
Total assets	$	3,484,283			$	3,239,173
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	51,743			$	62,929
Operating lease liabilities		7,170				7,023
Accrued expenses and other current liabilities		206,970				201,331
Total current liabilities		265,883				271,283
Operating lease liabilities, noncurrent		14,118				16,191
Other noncurrent liabilities		24,566				22,661
Total liabilities		304,567				310,135
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—				—
Class A common stock		14				14
Class B common stock		5				5
Class C common stock		—				—
Additional paid-in capital		3,647,812				3,595,772
Accumulated other comprehensive income (loss)		(979	)			4,364
Accumulated deficit		(467,136	)			(671,117	)
Total stockholders’ equity		3,179,716				2,929,038
Total liabilities and stockholders’ equity	$	3,484,283			$	3,239,173

Reddit, Inc. Consolidated Statements of Cash Flows (in thousands) (unaudited)
	Three months ended March 31,
		2026				2025
Cash flows from operating activities
Net income	$	203,981			$	26,158
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		4,210				3,963
Non-cash operating lease cost		1,676				1,468
Amortization of premium (accretion of discount) on marketable securities, net		(4,297	)			(8,884	)
Stock-based compensation expense		68,336				85,414
Other adjustments		(691	)			(138	)
Changes in operating assets and liabilities:
Accounts receivable		67,957				23,359
Prepaid expenses and other assets		(23,752	)			(17,006	)
Operating lease right-of-use assets and liabilities		(1,815	)			(1,780	)
Accounts payable		(10,983	)			(1,046	)
Accrued expenses and other liabilities		7,631				16,070
Net cash provided by (used in) operating activities	$	312,253			$	127,578
Cash flows from investing activities
Purchases of property and equipment		(1,090	)			(979	)
Purchases of marketable securities		(364,929	)			(504,846	)
Maturities of marketable securities		474,468				465,062
Proceeds from sale of marketable securities		17,989				12,372
Other investing activities		(1,616	)			889
Net cash provided by (used in) investing activities	$	124,822			$	(27,502	)
Cash flows from financing activities
Proceeds from exercise of employee stock options		4,899				10,184
Taxes paid related to net share settlement of restricted stock units		(16,196	)			(36,675	)
Repurchases of Class A common stock		(4,999	)			—
Net cash provided by (used in) financing activities	$	(16,296	)		$	(26,491	)
Net increase (decrease) in cash and cash equivalents		420,779				73,585
Cash and cash equivalents at the beginning of the period		953,569				562,142
Cash and cash equivalents at the end of the period	$	1,374,348			$	635,727

Reddit, Inc. Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin (in thousands, except percentages) (unaudited)
	Three months ended March 31,
		2026				2025
Net income	$	203,981			$	26,158
Add (deduct):
Interest (income) expense, net		(23,885	)			(20,414	)
Income tax expense (benefit)		1,747				(1,721	)
Depreciation and amortization		4,210				3,963
Stock-based compensation expense and related taxes		78,848				107,405
Other (income) expense, net		1,069				(120	)
Adjusted EBITDA	$	265,970			$	115,271
Net margin		30.7	%			6.7	%
Adjusted EBITDA margin		40.1	%			29.4	%

Reddit, Inc. Reconciliation of Free Cash Flow and Free Cash Flow Margin (in thousands, except percentages) (unaudited)
	Three months ended March 31,
		2026				2025
Net cash provided by (used in) operating activities	$	312,253			$	127,578
Less:
Purchases of property and equipment		(1,090	)			(979	)
Free Cash Flow	$	311,163			$	126,599
Operating cash flow margin		47.1	%			32.5	%
Free Cash Flow margin		46.9	%			32.3	%

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430242740/en/

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Original: Reddit Reports First Quarter 2026 Results

[US Market News]

Reddit to Announce First Quarter Results on Thursday, April 30, 2026

April 9, 2026 4:07 PM
Business Wire

Reddit, Inc. (NYSE: RDDT), announced today that the company’s first quarter 2026 financial results will be released after market close on Thursday, April 30, 2026.

Reddit will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET the same day.

The live webcast of the conference call and related earnings materials can be accessed at Reddit’s Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites.

Reddit will solicit questions from the community at r/RDDT on Thursday, April 30, 2026, and post responses following the earnings call at Reddit’s Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT.

About Reddit, Inc.

Reddit is a community of communities. Built on shared interests and passions, it’s home to the most open and authentic conversations online. Every day, millions of people post, vote, comment, and search for answers across nearly every topic imaginable, and brands build trusted relationships with their audiences. With 24+ billion posts and comments and more than 121 million daily active uniques, Reddit is one of the internet’s largest sources of information. Learn more at www.redditinc.com. The Reddit app is available on the App Store and Google Play.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260409805358/en/

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Original: Reddit to Announce First Quarter Results on Thursday, April 30, 2026

[BottomBounce]

Reddit $RDDT
Reddit is a newly public company priced like a mature tech giant. Its ad business is unproven, profitability is nonexistent, and user behavior is unpredictable. The valuation assumes it can monetize communities without alienating them — a balancing act no platform has mastered. Any earnings miss could trigger a violent re-rating.

[iHub News]

Reddit shares jump as AI-driven ads power Q4 beat and upbeat outlook

February 6, 2026 9:29 AM
IH Market News

Reddit (NYSE:RDDT) delivered better-than-expected fourth-quarter results and issued stronger guidance, helped by momentum in its advertising business as new AI tools attract more marketers to the platform. The company also unveiled its first-ever share buyback program, authorising repurchases of up to $1 billion.

The social media group reported adjusted earnings of $1.24 per share, comfortably ahead of analyst forecasts of $0.93. Revenue surged 70% year on year to $726 million, beating expectations of roughly $667 million, supported by solid advertiser demand and higher user engagement. Shares in Reddit rose more than 7% in premarket trading on Friday.

Looking ahead, Reddit projected first-quarter 2026 revenue of between $595 million and $605 million, topping Wall Street estimates of about $577 million. It also guided for adjusted EBITDA of $210 million to $220 million, exceeding consensus forecasts and signalling improving profitability alongside strong sales growth.

Reddit’s advertising model allows brands to place ads directly within subreddit discussion threads, giving marketers access to highly engaged and niche communities. To make campaign creation easier, the company has introduced tools such as an AI copywriter that generates Reddit-specific ad copy and automated image formatting.

The platform is also ramping up competition with larger rivals, including Meta Platforms, by testing AI-powered “Max” campaigns. These automatically optimise bids to hit target cost-per-result goals while dynamically selecting creatives and headlines.

Analysts at Morgan Stanley, led by Brian Nowak, lifted their 2026 and 2027 revenue estimates by 1%. He said Reddit’s “breadth and depth of advertiser engagement speaks to continued long growth runway with strong pipeline of initiatives into ’26 (Reddit Max, Ads Manager, ML Models), but user onboarding progress [remains] key to multiple/LT monetization debate.”

User metrics were broadly strong during the quarter. Daily active unique visitors climbed 19% to 121.4 million, beating market expectations, while global average revenue per user rose 42%, reflecting improved monetisation across regions. However, higher-value logged-in daily active users reached 50.7 million, coming in below Street forecasts, according to Bank of America.

“Another solid quarter, but logged-in user growth still slowing,” the bank’s analyst Justin Post wrote in a note. He added that Reddit’s initiatives to enhance ad performance and scale automation are expected “to continue improve advertiser ROI, supporting market share gains, with the key question being potential for improvement in U.S. user growth from onboarding initiatives.”

Reddit stock price

Original: Reddit shares jump as AI-driven ads power Q4 beat and upbeat outlook

[US Market News]

NYSE Content Update: Children's Food Brand Once Upon a Farm to Open for Trade

February 6, 2026 8:55 AM
PR Newswire (Canada)

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Feb. 6, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 

Ashley Mastronardi delivers the pre-market update on February 6th

• Equities are rising early Friday with buyers gathering shares amid the recent pullback, highlighted by Reddit (NYSE: RDDT) shares popping double digits after upbeat earnings.
• Once Upon a Farm (NYSE: OFRM) will begin trading on the New York Stock Exchange today after raising about $198 million in its IPO.
• In their trading debuts yesterday, shares of Forgent Power Solutions (NYSE: FPS) and Bob's Discount Furniture (NYSE: BOBS) rose 7.4% and 0.1% respectively.

Opening Bell
Once Upon a Farm (NYSE: OFRM) celebrates its IPO

Closing Bell
The "I Have A Dream" Foundation celebrates 45 years of supporting scholars

For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-childrens-food-brand-once-upon-a-farm-to-open-for-trade-302681332.html

SOURCE New York Stock Exchange

Original: NYSE Content Update: Children's Food Brand Once Upon a Farm to Open for Trade

[US Market News]

NYSE Content Update: Children's Food Brand Once Upon a Farm to Open for Trade

February 6, 2026 8:55 AM
PR Newswire (US)

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Feb. 6, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.

Ashley Mastronardi delivers the pre-market update on February 6th

• Equities are rising early Friday with buyers gathering shares amid the recent pullback, highlighted by Reddit (NYSE: RDDT) shares popping double digits after upbeat earnings.
• Once Upon a Farm (NYSE: OFRM) will begin trading on the New York Stock Exchange today after raising about $198 million in its IPO.
• In their trading debuts yesterday, shares of Forgent Power Solutions (NYSE: FPS) and Bob's Discount Furniture (NYSE: BOBS) rose 7.4% and 0.1% respectively.

Opening Bell
Once Upon a Farm (NYSE: OFRM) celebrates its IPO

Closing Bell
The "I Have A Dream" Foundation celebrates 45 years of supporting scholars

For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com

 

Video - https://mma.prnewswire.com/media/2888865/NYSE_Market_Update_Feb_6.mp4 
Photo - https://mma.prnewswire.com/media/2888864/NYSE___Bob_s_Discount_Furniture_CEO_interviewed.jpg 
Logo - https://mma.prnewswire.com/media/2581322/5776510/New_York_Stock_Exchange_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-update-childrens-food-brand-once-upon-a-farm-to-open-for-trade-302681338.html

Original: NYSE Content Update: Children's Food Brand Once Upon a Farm to Open for Trade

[US Market News]

Reddit Reports Fourth Quarter and Full Year 2025 Results; Announces $1 Billion Share Repurchase Program

February 5, 2026 4:06 PM
Business Wire

Daily Active Uniques (“DAUq”) increased 19% year-over-year to 121.4 million

Q4 Revenue grew 70% year-over-year to $726 million. 2025 Revenue grew 69% to $2.2 billion

Q4 Net Income $252 million, 35% of revenue. 2025 Net Income $530 million, 24% of revenue

Q4 Adj. EBITDA¹ $327 million, 45% of revenue. 2025 Adj. EBITDA¹ $845 million, 38% of revenue

Reddit’s Board of Directors authorized repurchase program of up to $1 billion of Class A common stock

Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter and full year ended December 31, 2025. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com.

“We’re entering the next era of Reddit—defined by sharper execution, global expansion, and product innovation that puts real people and conversations at the center,” said Steve Huffman, Reddit Co-Founder and CEO. “Our focus is on turning Reddit’s authenticity into even more everyday utility.”

Fourth quarter 2025

• 
  Total revenue increased 70% year-over-year to $726 million, Ad revenue increased 75% year-over-year to $690 million, and Other revenue increased 8% year-over-year to $36 million
  
  


• 
  Gross margin was 91.9%, as compared to 92.6% in the prior year
  
  


• 
  Net income was $252 million, an improvement of $181 million from the prior year
  
  


• 
  Adjusted EBITDA¹ was $327 million, an improvement of $173 million from the prior year
  
  


• 
  Operating cash flow was $267 million, an improvement of $177 million from the prior year
  
  


• 
  Free Cash Flow¹ was $264 million, an improvement of $174 million from the prior year
  
  


• 
  Basic and diluted earnings per share (“EPS”) were $1.32 and $1.24, respectively
  
  


• 
  Total fully diluted shares outstanding were 206.1 million as of December 31, 2025, consistent with the prior quarter and down from 206.2 million as of December 31, 2024
  
  

Full year 2025

• 
  Total revenue increased 69% year-over-year to $2.2 billion, Ad revenue increased 74% year-over-year to $2.1 billion, and Other revenue increased 22% year-over-year to $140 million
  
  


• 
  Gross margin was 91.2%, an improvement of 70 basis points from the prior year
  
  


• 
  Net income was $530 million, an improvement of $1,014 million from the prior year
  
  


• 
  Adjusted EBITDA¹ was $845 million, an improvement of $547 million from the prior year
  
  


• 
  Operating cash flow was $691 million, an improvement of $469 million from the prior year
  
  


• 
  Free Cash Flow¹ was $684 million, an improvement of $468 million from the prior year
  
  


• 
  Basic and diluted EPS were $2.84 and $2.62, respectively
  
  

Fourth Quarter and Full Year 2025 Financial Highlights
		Three months ended December 31,											Year ended December 31,
(in millions, except percentages and per share amounts; unaudited)		2025				2024				% Change			2025				2024				% Change
Revenue		$	726			$	428			70	%		$	2,203			$	1,300			69	%
U.S.		$	583			$	348			68	%		$	1,786			$	1,064			68	%
International		$	142			$	80			78	%		$	417			$	237			76	%
GAAP gross margin			91.9	%			92.6	%						91.2	%			90.5	%
Net income (loss)		$	252			$	71						$	530			$	(484	)
Net margin			34.7	%			16.6	%						24.1	%			(37.2	)%
Net income (loss) per share
Basic		$	1.32			$	0.40						$	2.84			$	(3.33	)
Diluted		$	1.24			$	0.36						$	2.62			$	(3.33	)
Adjusted EBITDA*		$	327			$	154						$	845			$	298
Adjusted EBITDA margin*			45.1	%			36.1	%						38.4	%			22.9	%
Net cash provided by (used in) operating activities		$	267			$	90						$	691			$	222
Free Cash Flow*		$	264			$	89						$	684			$	216
Cash, cash equivalents, and marketable securities		$	2,477
*The definitions of Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow can be found in the Use of Non-GAAP Financial Measures section of this release. A reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure can be found on pages 11-12.

Financial Outlook

The guidance provided below is based on Reddit’s current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit’s reports on file with the Securities and Exchange Commission (the “SEC”). Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.

As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the first quarter.

In the first quarter of 2026, we estimate:

• 
  Revenue in the range of $595 million to $605 million
  
  


• 
  Adjusted EBITDA² in the range of $210 million to $220 million
  
  

Earnings Conference Call Information and Community Update

Reddit will host a conference call to discuss the results for the fourth quarter and full year of 2025 on Thursday, February 5, 2026, at 1:30 p.m. PT / 4:30 p.m. ET. A live webcast of the call can be accessed on Reddit’s Investor Relations website at https://investor.redditinc.com and investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/. A replay of the webcast and transcript will be available on the same websites following the conclusion of the conference call.

Reddit will solicit questions from the community in the investor relations subreddit, r/RDDT, at https://www.reddit.com/r/RDDT/ on Thursday, February 5, 2026, after the market closes, and post responses following the earnings call at Reddit’s Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/.

Reddit uses the investor relations page on its website https://investor.redditinc.com, as well as the subreddits r/RDDT and r/reddit, available at https://www.reddit.com/r/RDDT/ and https://www.reddit.com/r/reddit/, respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

Share Repurchase Program

Reddit also announced today that its Board of Directors authorized a share repurchase program to purchase up to $1 billion of our Class A common stock (the “Share Repurchase Program”). Under the Share Repurchase Program, we may repurchase shares of our Class A common stock from time to time on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions in accordance with applicable securities laws. The Share Repurchase Program does not obligate us to acquire any particular amount of Class A common stock, has no expiration date, and may be suspended or discontinued at any time at our discretion.

Notes

¹ The definitions of Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow can be found in the Use of Non-GAAP Financial Measures section of this release. A reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure can be found on pages 11-12.

² We have not provided a reconciliation to the forward-looking U.S. GAAP equivalent measures for our non-GAAP guidance due to uncertainty regarding, and the potential variability of, reconciling items. Therefore, a reconciliation of these non-GAAP guidance measures to their corresponding U.S. GAAP guidance measures is not available without unreasonable effort.

About Reddit

Reddit is a community of communities. It’s built on shared interests, passion, and trust, and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and 121+ million daily active unique visitors, Reddit is one of the internet’s largest sources of information. For more information, visit www.redditinc.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Reddit's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Reddit's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Reddit’s future financial and operating performance, plans with respect to the Share Repurchase Program, and GAAP and non-GAAP guidance. Reddit's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including those more fully described under the caption “Risk Factors” and elsewhere in documents that Reddit files with the SEC from time to time, including Reddit’s Annual Report on Form 10-K for the year ended December 31, 2025, which is being filed with the SEC at or around the date hereof. The forward-looking statements in this release are based on information available to Reddit as of the date hereof, and Reddit undertakes no obligation to update any forward-looking statements, except as required by law.

A Note About Metrics

We define a daily active unique (“DAUq”) as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a 24-hour period. Average DAUq for a particular period is calculated by adding the number of DAUq on each day of that period and dividing that sum by the number of days in that period.

We define a weekly active unique (“WAUq”) as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a trailing seven-day period. Average quarterly WAUq for a particular period is calculated by adding the number of WAUq on each day of that period and dividing that sum by the number of days in that period.

We define average revenue per unique (“ARPU”) as quarterly revenue in a given geography divided by the average DAUq in that geography. For the purposes of calculating ARPU, advertising revenue in a given geography is based on the geographic location in which advertising impressions are delivered, as this approximates revenue based on user activity, while other revenue in a given geography is based on the billing address of the customer.

Use of Non-GAAP Financial Measures

We use certain non-GAAP financial measures to supplement our consolidated financial statements, which are presented in accordance with U.S. GAAP, to evaluate our core operating performance. These non-GAAP financial measures include Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow, and Free Cash Flow margin. We use these non-GAAP financial measures to facilitate reviews of our operational performance and as a basis for strategic planning. By excluding certain items that are non-recurring or not reflective of the performance of our normal course of business, we believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. Accordingly, we believe these non-GAAP financial measures are useful to investors and others because they allow investors to supplement their understanding of our financial trends and evaluate our ongoing and future performance in the same manner as management. However, there are a number of limitations related to the use of non-GAAP financial measures as they reflect the exercise of judgment by our management about which expenses are included or excluded in determining these non-GAAP measures. These non-GAAP measures should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with U.S. GAAP. Other companies, including companies in our industry, may calculate these non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures.

A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP. Reddit encourages investors to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures, and not to rely on any single financial measure to evaluate Reddit’s business. We have not provided a reconciliation to the forward-looking GAAP equivalent measures for our non-GAAP guidance due to uncertainty regarding, and the potential variability of, reconciling items. Therefore, a reconciliation of these non-GAAP guidance measures to their corresponding GAAP guidance measures is not available without unreasonable effort.

Adjusted EBITDA is defined as net income (loss) excluding interest (income) expense, net, income tax expense (benefit), depreciation and amortization, stock-based compensation expense and related taxes, other (income) expense, net, and certain other non-recurring or non-cash items impacting net income (loss) that we do not consider indicative of our ongoing business performance. Other (income) expense, net consists primarily of realized gains and losses on sales of marketable securities, foreign currency transaction gains and losses, and other income and expense that are not indicative of our core operating performance. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. We consider the exclusion of certain non-recurring or non-cash items in calculating Adjusted EBITDA and Adjusted EBITDA margin to provide a useful measure for investors and others to evaluate our operating results in the same manner as management.

Free Cash Flow represents net cash provided by (used in) operating activities less purchases of property and equipment. Free Cash Flow margin is defined as Free Cash Flow divided by revenue. We believe that Free Cash Flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth. Additionally, we believe that Free Cash Flow is an important measure since we use third-party infrastructure partners to host our services and therefore we do not incur significant capital expenditures to support revenue generating activities.

Reddit, Inc.
Key Operating Metrics by Geography
(in millions, except percentages and ARPU)
(unaudited)
		Three months ended December 31,											Year ended December 31,
		2025				2024				% Change			2025				2024				% Change
Revenue: Global		$	725.6			$	427.7			70	%		$	2,202.5			$	1,300.2			69	%
Revenue: U.S.		$	583.3			$	347.7			68	%		$	1,785.6			$	1,063.6			68	%
Revenue: International		$	142.3			$	80.0			78	%		$	416.9			$	236.6			76	%
		Three months ended December 31,
		2025				2024				% Change
DAUq: Global			121.4				101.7			19	%
DAUq: U.S.			52.5				48.0			9	%
DAUq: International			68.9				53.7			28	%
Logged-in DAUq: Global			50.7				46.1			10	%
Logged-in DAUq: U.S.			23.0				21.9			5	%
Logged-in DAUq: International			27.7				24.2			14	%
Logged-out DAUq: Global			70.7				55.6			27	%
Logged-out DAUq: U.S.			29.5				26.1			13	%
Logged-out DAUq: International			41.2				29.5			40	%
WAUq: Global			471.6				379.4			24	%
WAUq: U.S.			193.4				172.2			12	%
WAUq: International			278.2				207.2			34	%
ARPU: Global		$	5.98			$	4.21			42	%
ARPU: U.S.		$	10.79			$	7.04			53	%
ARPU: International		$	2.31			$	1.67			38	%

Reddit, Inc.
Consolidated Balance Sheets
(in thousands)
(unaudited)
		December 31,
		2025				2024
Assets
Current assets
Cash and cash equivalents		$	953,569			$	562,092
Marketable securities			1,523,242				1,278,717
Accounts receivable, net			590,162				349,534
Prepaid expenses and other current assets			69,012				33,058
Total current assets			3,135,985				2,223,401
Property and equipment, net			12,710				12,652
Operating lease right-of-use assets, net			20,788				23,249
Intangible assets, net			15,521				25,424
Goodwill			42,174				42,174
Other noncurrent assets			11,995				9,695
Total assets		$	3,239,173			$	2,336,595
Liabilities and stockholders’ equity (deficit)
Current liabilities
Accounts payable		$	62,929			$	45,423
Operating lease liabilities			7,023				6,137
Accrued expenses and other current liabilities			201,331				124,464
Total current liabilities			271,283				176,024
Operating lease liabilities, noncurrent			16,191				20,565
Other noncurrent liabilities			22,661				9,257
Total liabilities			310,135				205,846
Commitments and contingencies
Stockholders’ equity (deficit):
Preferred stock			—				—
Class A common stock			14				12
Class B common stock			5				5
Class C common stock			—				—
Additional paid-in capital			3,595,772				3,331,546
Accumulated other comprehensive income (loss)			4,364				24
Accumulated deficit			(671,117	)			(1,200,838	)
Total stockholders’ equity (deficit)			2,929,038				2,130,749
Total liabilities and stockholders’ equity (deficit)		$	3,239,173			$	2,336,595

Reddit, Inc.
Consolidated Statements of Operations
(in thousands, except share and per share amounts)
(unaudited)
		Three months ended December 31,								Year ended December 31,
		2025				2024				2025				2024
Revenue		$	725,607			$	427,707			$	2,202,506			$	1,300,205
Costs and expenses:
Cost of revenue			58,718				31,845				194,216				123,595
Research and development			198,885				188,644				783,145				935,152
Sales and marketing			163,852				80,516				503,863				350,579
General and administrative			72,324				73,830				279,298				451,447
Total costs and expenses			493,779				374,835				1,760,522				1,860,773
Income (loss) from operations			231,828				52,872				441,984				(560,568	)
Other income (expense), net			22,990				17,115				86,706				75,361
Income (loss) before income taxes			254,818				69,987				528,690				(485,207	)
Income tax expense (benefit)			3,215				(1,049	)			(1,031	)			(931	)
Net income (loss)		$	251,603			$	71,036			$	529,721			$	(484,276	)
Net income (loss) per share attributable to Class A and Class B common stock
Basic		$	1.32			$	0.40			$	2.84			$	(3.33	)
Diluted		$	1.24			$	0.36			$	2.62			$	(3.33	)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders
Basic			189,971,813				177,484,215				186,383,271				145,472,389
Diluted			202,932,334				199,057,762				202,107,978				145,472,389

Reddit, Inc.
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
		Three months ended December 31,								Year ended December 31,
		2025				2024				2025				2024
Cash flows from operating activities
Net income (loss)		$	251,603			$	71,036			$	529,721			$	(484,276	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization			4,151				4,161				15,948				15,643
Non-cash operating lease cost			1,678				69				6,197				4,110
Amortization of premium (accretion of discount) on marketable securities, net			(5,860	)			(11,516	)			(28,214	)			(43,400	)
Stock-based compensation expense			85,178				85,114				343,180				801,646
Other adjustments			180				(148	)			848				(4,187	)
Changes in operating assets and liabilities:
Accounts receivable			(102,602	)			(65,366	)			(241,356	)			(104,280	)
Prepaid expenses and other assets			(13,658	)			(7,719	)			(37,082	)			(19,485	)
Operating lease right-of-use assets and liabilities			(1,817	)			291				(7,224	)			(2,397	)
Accounts payable			(8,774	)			(17,054	)			18,166				(570	)
Accrued expenses and other liabilities			56,728				31,129				90,691				59,264
Net cash provided by (used in) operating activities		$	266,807			$	89,997			$	690,875			$	222,068
Cash flows from investing activities
Purchases of property and equipment			(3,164	)			(842	)			(6,706	)			(6,248	)
Purchases of marketable securities			(692,993	)			(570,988	)			(2,298,397	)			(1,996,725	)
Maturities of marketable securities			484,917				530,241				2,065,971				1,573,602
Proceeds from sale of marketable securities			4,862				—				17,234				—
Cash paid for acquisitions, net of cash acquired			—				—				—				(17,137	)
Other investing activities			554				(1,508	)			3,009				5,821
Net cash provided by (used in) investing activities		$	(205,824	)		$	(43,097	)		$	(218,889	)		$	(440,687	)
Cash flows from financing activities
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions			—				—				—				600,022
Proceeds from exercise of employee stock options			4,575				26,039				25,075				88,972
Taxes paid related to net share settlement of restricted stock units			(23,533	)			(26,467	)			(104,028	)			(294,573	)
Payments of initial public offering costs			—				(275	)			—				(8,775	)
Other financing activities			(109	)			—				(1,606	)			(6,111	)
Net cash provided by (used in) financing activities		$	(19,067	)		$	(703	)		$	(80,559	)		$	379,535
Net increase (decrease) in cash, cash equivalents, and restricted cash			41,916				46,197				391,427				160,916
Cash, cash equivalents, and restricted cash at the beginning of the period			911,653				515,945				562,142				401,226
Cash, cash equivalents, and restricted cash at the end of the period		$	953,569			$	562,142			$	953,569			$	562,142
Cash and cash equivalents			953,569				562,092				953,569				562,092
Restricted cash			—				50				—				50
Total cash, cash equivalents, and restricted cash		$	953,569			$	562,142			$	953,569			$	562,142

Reddit, Inc.
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
(in thousands, except percentages)
(unaudited)
		Three months ended December 31,								Year ended December 31,
		2025				2024				2025				2024
Net income (loss)		$	251,603			$	71,036			$	529,721			$	(484,276	)
Add (deduct):
Interest (income) expense, net			(22,947	)			(20,578	)			(86,722	)			(78,121	)
Income tax expense (benefit)			3,215				(1,049	)			(1,031	)			(931	)
Depreciation and amortization			4,151				4,161				15,948				15,643
Stock-based compensation expense and related taxes			91,067				97,297				387,141				842,932
Other (income) expense, net			(43	)			3,463				16				2,760
Adjusted EBITDA		$	327,046			$	154,330			$	845,073			$	298,007
Net margin			34.7	%			16.6	%			24.1	%			(37.2	)%
Adjusted EBITDA margin			45.1	%			36.1	%			38.4	%			22.9	%

Reddit, Inc.
Reconciliation of Free Cash Flow and Free Cash Flow Margin
(in thousands, except percentages)
(unaudited)
		Three months ended December 31,								Year ended December 31,
		2025				2024				2025				2024
Net cash provided by (used in) operating activities		$	266,807			$	89,997			$	690,875			$	222,068
Less:
Purchases of property and equipment			(3,164	)			(842	)			(6,706	)			(6,248	)
Free Cash Flow		$	263,643			$	89,155			$	684,169			$	215,820
Operating cash flow margin			36.8	%			21.0	%			31.4	%			17.1	%
Free Cash Flow margin			36.3	%			20.8	%			31.1	%			16.6	%

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205441801/en/

Investor Relations

[e-mail]
Media Relations

[e-mail]

Original: Reddit Reports Fourth Quarter and Full Year 2025 Results; Announces $1 Billion Share Repurchase Program

[DaBenDan]

Nice pop here today.

[MysticMaverick90]

I use this site. It's no different from the old Twitter that never made money. Same exact kinds of non-monetizable people. One look at the financials tells the story. Who in their right mind would think buying them as a new issue after this many years since they were founded, without them ever making a profit, is a good idea?

They recently started screwing with some peoples accounts to rate limit them. Twitter used to do that too. People don't stick around to scroll through ads for hours when the site begins "moderation" that heavy handed. It didn't work for Twitter. If charging a subscription fee for verified users works to generate actual earnings, rather than the usual losses every quarter experienced by nearly all social media, then nobody at X has provided any proof of it yet.

This seems like a hobby project media company that some billionaire probably should have bought up in a private purchase.

[tw0122]

$209 Price target $245 no resistance up to $229 maybe today if pump hard enough 

[Monksdream]

RDDT, new 52 week high

[DaBenDan]

Nice. Let it Ride. Just mention AI and boom.

[tw0122]

Stay above $131 ride it to $160s

[Monksdream]

RDDT 10 Q due 5/1

[TechandBio]

What a great investment sold half my shares made 7 figure profit from my investment here last year and still holding a 100k shares houses money!

$RDDT

[Monksdream]

RDDT new 52=week high

[Monksdream]

RDDT, new 52 week high

[Monksdream]

RDDT

[Monksdream]

RDDT ditto

[harry crumb]

One of our best performers of 2024 $$$$$$

[TechandBio]

No one liked her at 62.00 I started buying options a few months ago. Sold and have built a core position of stock here.

This website helped me make millions on the stock bright minds. Very valuable resource here!

$RDDT

[Monksdream]

RDDT, one of the most successful IPOs for 2024, despite the somewhat negative sentiment at the beginning

[Monksdream]

RDDT, new 52 week high

[TechandBio]

Probably Adding $170 strikes for early next year!

$RDDT

[TechandBio]

Just cashed in those $100 debit spread call options less than month 489% profit.

AI powered platform enhancing profits company should had their first profitable quarter!

I love RDDT one of the only social media sites I back and use. Very useful platform.

$RDDT

[Canna_Business]

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.reddit.com/r/CultoftheFranklin/

[jimmirehman]

What is the deal with the red?

[TechandBio]

$100 calls look juicy
$RDDT

[jimmirehman]

Let’s get $RDDT to $120 before idiot $GME

[Monksdream]

RDDT 10 day hourly chart

[MiamiGent]

RDDT Up over 6% this morning.

HOD is $53.87

Vol is 1.73M

Awful smell of burning shorts in the mkt. I'm trading with mask on.

[MiamiGent]

RDDT Reddit Shines in First Earnings Report, Sending Stock Soaring
Story by Aisha Counts • 15h • Bloomberg

RDDT

(Bloomberg) -- Reddit Inc. shares jumped as much as 16% in premarket trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company.

Revenue increased 48% to $243 million in the period ended March 31, the social media company said Tuesday in a statement. Analysts, on average, estimated $211.9 million, according to data compiled by Bloomberg.

Reddit’s initial public offering in March was one of the largest on a US exchange this year, raising about $748 million. Its strong debut was bolstered by the site’s large user base and data licensing agreements with artificial intelligence companies, which will let those firms use Reddit’s data to train its AI systems. Reddit first filed confidentially for an IPO in 2021.

The company projected revenue of $240 million to $255 million in the current period ending in June. Analysts, on average, estimated $227.6 million. Reddit said the growth was spurred by investments in making the site easier to use and improvements in its ad targeting technology.

“It was a strong start to the year and a milestone quarter for Reddit and our communities,” co-founder and Chief Executive Officer Steve Huffman said in the statement. “We see this as the beginning of a new chapter as we work toward building the next generation of Reddit.”

If gains hold, the shares will rise the most since the week of the company’s March listing, when stock gained more than 90% over four days. Reddit closed at $49.40 in New York on Tuesday and had gained 45% since the IPO.

The text-based social media company said it now has more than 82.7 million global daily users — a jump of 37% from a year earlier — who post multiple times each day to the site’s forums. Reddit was founded in 2005 before being acquired by Conde Nast a year later and then spun out as a private company again in 2011.

“Reddit’s high-20% to mid-30% growth in daily average users seems sustainable on the steady increase of communities and content on its platform, which has boosted its relevance for training large language models,” Mandeep Singh, a Bloomberg Intelligence senior analyst, said in a note after the results were released.

Reddit reported a net loss of $575.1 million in the quarter compared with a loss of $60.9 million a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization were $10 million, compared with a loss of $50.2 million in the quarter a year earlier.

While Reddit has been popular among users, it has struggled to reach profitability. Last year, the company reported a net loss of $91 million on revenue of $804 million. Historically, about 98% of the company’s sales have come from advertising.

Moving forward, Reddit plans to diversify its revenue streams by licensing its data to AI companies and boosting commerce on the platform. In its S-1 filing, the company said it entered into data licensing agreements worth $203 million, with terms ranging from two to three years. Reddit reported $20 million in data licensing revenue in the first quarter.

“I think the next biggest business model for us is what we call the user economy, so this is users making money from other users on Reddit,” Huffman said in an interview after the earnings release. Reddit users can currently make money from subscriptions, digital gifts and collectibles such as avatars.

The company also plans to increase sales by expanding internationally and translating Reddit posts to other languages, he said. About 50% of Reddit’s users come to the site from outside the US, but the company expects that number to grow to 80% to 90% in the future.

“We believe this will not only drive growth in the near term, but also over time will allow users from all over the world to connect regardless of the languages they speak,” Huffman said in a conference call after the results were released.

[MiamiGent]

RDDT Green and holding.
When those reddit kids latch on to this, watch out :)

[MiamiGent]

$RDDT Short % As of Apr-15-2024 10.5%

[MiamiGent]

RDDT Needham Maintains Buy on Reddit, Raises Price Target to $63 From $55

[MiamiGent]

$RDDT Deutsche Bank Raises Price Target For Reddit to From $50 to $62. Deutsche also Affirmed a Buy Rating
Bullish

[MiamiGent]

$RDDT
MiamiGent
less than a minute

$RDDT BofA Securities Raises Price Target on Reddit to From $50 to $57

[MiamiGent]

RDDT In

[abrooklyn]

Reddit Announces First Quarter 2024 Results

Source: Business Wire
Record user traffic, Daily Active Uniques (“DAUq”) increased 37% to 82.7 million

Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter

Net loss driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis

Operating cash flow of $32.1 million and positive free cash flow of $29.2 million

Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended March 31, 2024. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com and investor relations subreddit r/RDDT at https://www.reddit.com/r/RDDT/.

“It was a strong start to the year and a milestone quarter for Reddit and our communities as we debuted as a public company,” said Steve Huffman, Co-Founder and CEO of Reddit. “We see this as the beginning of a new chapter as we work towards building the next generation of Reddit.”

DAUq increased 37% year-over-year to 82.7 million
Weekly Active Uniques (“WAUq”) increased 40% year-over-year to 306.2 million
Revenue increased 48% year-over-year to $243.0 million, Ad Revenue increased 39% year-over-year to $222.7 million
Gross margin was 88.6%, an improvement of 500 basis points from the prior year
Net loss was $575.1 million, as compared to $60.9 million in the prior year. Stock-based compensation expense and related taxes were $595.5 million, as compared to $13.2 million in the prior year, driven by IPO charges
Adjusted EBITDA was $10.0 million, as compared to $(50.2) million in the prior year
Operating cash flow was $32.1 million, an improvement of $28.0 million from the prior year
Free Cash Flow was $29.2 million. Capital expenditures were $2.9 million

[Invest-in-America]

RDDT: Up in the Post-M ---
https://finance.yahoo.com/news/reddit-announces-first-quarter-2024-200700475.html

[jimmirehman]

BOOM SHAKA LAKA

[Saving Grace]

Reddit (NYSE:RDDT) – Reddit co-founder and CEO Steve Huffman holds 62.4 million Class A shares of the company, representing 61.5% of that class, according to a regulatory document released on Friday. The company, valued at $6.4 billion after its initial public offering in March, will present its first quarterly results on Tuesday.

[FooBarAndGrill]

Damn!
Where my boy KICK1 at? He should be back out on the street by now.

[FooBarAndGrill]

On Tuesday, Reddit, whose message boards helped fuel the 2021 meme stock rally, will report its first quarterly results since going public and launch its own innovation of a sort, taking questions from the investing public that will be posted, but where else, on Reddit.
https://investor.redditinc.com/news-events/news-releases/news-details/2024/Reddit-to-Announce-First-Quarter-2024-Results-on-Tuesday-May-7-2024/default.aspx

[Monksdream]

RDDT 10Q due 5/7 per Seeking Alpha
T+1 settlement begins 5/28

[Monksdream]

A chart can always tell you what has happened but it won’t necessarily tell you what will happen
Day 4 since going public the price discovery had everyone thinking Reddit will make a Gamestop move
I figure a sizable short interest will eventually happen

[TRUISM]

It's not just you: Reddit is taking over Google
EXCERPT
Hugh Langley Apr 17, 2024,
BUSINESS INSIDER



* Google's AI search engine and the rise of forum posts like Reddit and Quora are upheaving SEO.
* Google's shift to promoting more human, helpful sites has led to a surge in traffic to Reddit.
* This rise in Reddit's visibility is being exploited by spammers, raising concerns.


If you think you've been seeing an awful lot more Reddit results lately when you search on Google, you're not imagining things.

The internet is in upheaval, and for website owners the rules of "winning" Google Search have never been murkier.

Google's generative AI search engine is coming from one direction. It's creeping closer to mainstream deployment and bringing an existential crisis for SEOs and website makers everywhere.

Coming from the other direction is an influx of posts from Reddit, Quora, and other internet forums that have climbed up through the traditional set of Google links.

Data analysis from Semrush, which predicts traffic based on search ranking, shows that traffic to Reddit has climbed at an impressive clip since August. Semrush estimated that Reddit had over 132 million visitors in August 2023. At the time of publishing, it was projected to have over 346 million visitors in April 2024.


Organic search traffic to Reddit over the past two years Semrush


None of this is accidental. For years, Google has been watching users tack on "Reddit" to the end of search queries and finally decided to do something about it.

Google started dropping hints in 2022 when it promised to do a better job of promoting sites that weren't just chasing the top of search but were more helpful and human.

Last August, Google rolled out a big update to Search that seemed to kick this into action. Reddit, Quora, and other forum sites started getting more visibility in Google, both within the traditional links and within a new "discussions and forums" section, which you may have spotted if you're US-based.

The timing of this Reddit bump has led to some conspiracy theories. In February, Google and Reddit announced a blockbuster deal that would let Google train its AI models on Reddit content. Google said the deal, reportedly worth $60 million, would "facilitate more content-forward displays of Reddit information," leading to some speculation that Google promised Reddit better visibility in exchange for the valuable training data. A few weeks later, Reddit also went public.

A Google spokesperson told BI: "Our agreement with Reddit absolutely did not include ranking its content higher on Search."

Indeed, SEO experts have watched this Reddit bump since August when Google rolled out a crucial search update six months before the deal was announced.

It's not just Reddit. Q&A forum Quora is getting a huge visibility bump in Google search results, per Semrush and Sistrix data. Google says "hundreds" of other forums and communities across the web are also getting the bump.

Still, given Reddit's size, its rise is the most noticeable. Per Sistrix data, Reddit is now as visible in top Google Search results as Instagram.


Reddit's visibility in Google Search now matches that of Instagram Sistrix


Steve Paine, marketing manager at Sistrix, called the rise of Reddit "unprecedented."

"There hasn't been a website that's grown so much search visibility so quickly in the US in at least the last five years," he told Business Insider.

Right now, Reddit ranks high for product searches. Reddit's main competitors are Wikipedia, YouTube, and Fandom, Paine said, and it also competes in "high-value commercial searches," putting it up against Amazon. The "real competitors," he said, are the subreddits that compete with brands on the web.


Giving the people what they want

Why is Google doing this, and why now?

The company's stance here is simple: it's giving users what they want.

"Our research has shown that people often want to learn from others' experiences with a topic, so we've continued to make it easier to find helpful perspectives on Search when it's relevant to a query," a Google spokesperson told BI. "Our systems surface content from hundreds of forums and other communities across the web, and we conduct rigorous testing to ensure results are helpful and high quality."

A Lady Gaga Google Search shows how AI is upending the world's most profitable online business. 'Site owners are terrified.'
Responding to a post on X, Google search liaison Danny Sullivan said users not only like seeing "forum content" but that they "proactively seek it out."

This shift in search behavior has already been happening for several years. In July 2022, Google's search head Prabhakar Raghavan said younger users were turning to alternative sources such as TikTok and Instagram for information and recommendations. Last year, during the Reddit blackout in June, Google Search got considerably worse.



TRUISM ENDORSED

[Jackthehorse1926]

If Facebook has a market cap of 1.3 trillion we should be worth 100 billion which is less then %10 the value with ten times the active users. Just saying.