Reddit's Q1 Revenue Surges 74% to $663M, Stock Jumps
Reddit reported a 74% increase in ad revenue for Q1 2026, driving total revenue to $663 million and surpassing analyst expectations. Daily active users grew 17% year over year. The strong performance led to a stock price surge.
Key facts
- Reddit's Q1 2026 ad revenue jumped 74%
- Total revenue reached $663 million
- Revenue topped analyst expectations
- Daily active users climbed 17% year over year
- Stock price increased after earnings beat
Entities
Institutions
Sources
- Quartz —