Reddit's first quarter 2026 revenue surged 69% year-over-year, driven by strong user growth.

Reddit reported first quarter revenue of $663 million, up 69% year-over-year, with a diluted EPS of $1.01. Daily Active Uniques (DAUq) grew 17% to 126.8 million, and the company reported net income of $204 million.

Key Highlights

• Revenue growth accelerated to 69% year-over-year, reaching $663 million, primarily driven by a 74% increase in advertising revenue to $625 million.
• Daily Active Uniques (DAUq) increased 17% year-over-year to 126.8 million, with international user growth of 26% outpacing U.S. growth of 7%.
• The company achieved significant profitability with net income of $204 million, a sharp improvement from $26 million in the prior-year period, resulting in a net margin of 31%.