Reddit Inc reports results for the quarter ended June 30 - Earnings Summary

Reddit

31/07/2026 07:22

Reddit Inc RDDT.N reported quarterly adjusted earnings of $1.25​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 45 cents.  The mean expectation of twenty five analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 80 cents to $1.16 per share.
Revenue rose 61.1% to $804.91 million from a year ago; analysts expected $730.41 million. 
Reddit Inc's reported EPS for the quarter was $1.25​.
The company reported quarterly net income of $252.85 million.
Reddit Inc shares had risen by 2.6% this quarter and lost 22.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.2% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy" 
Wall Street's median 12-month price target for Reddit Inc is $240.00, about 25.8% above its last closing price of $178.04
This summary was machine generated from LSEG data July 31 at 06:22 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
0.95
1.25
Beat
Mar. 31 2026 
0.58
1.01
Beat
Dec. 31 2025 
0.94
1.24
Beat
Sep. 30 2025 
0.51
0.80
Beat