Overview

• Reddit delivered its most profitable quarter yet with Q2 revenue of $500 million, up 78% year-over-year, and GAAP earnings per share of $0.45 versus $0.19 expected.
• The company guided Q3 revenue to $535–545 million, well above the $473 million consensus, and projected adjusted EBITDA of $185–195 million.
• Global daily active users climbed 21% to 110.4 million, outpacing Wall Street estimates and stabilizing growth after earlier search-traffic fluctuations.
• Reddit said its AI-powered marketing tools drove 93% of Q2 revenue and lifted its data licensing business by 24% to $35 million through new partnerships.
• CEO Steve Huffman outlined plans to unify the platform’s 70 million weekly core search users with its AI-powered Reddit Answers, which has grown to 6 million weekly users.