Reddit warns of a possible audience decline as advertising revenue surges
Reddit ($RDDT)’s third-quarter 2026 revenue increased 53% to $895 million, led by advertising sales of $847 million, up 54%. Net income reached $283 million and diluted EPS was $1.40. Adjusted EBITDA increased 70% to $402 million, while free cash flow totaled $363 million. Global daily active uniques increased 12% to 130.3 million, showing that revenue expanded faster than the audience measure. For fourth-quarter 2026, Reddit forecasts revenue of $1.00–1.03 billion and adjusted EBITDA of $480–51
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