Overview

• Reddit reported Q2 revenue of $500 million, a 78% year-over-year increase, with net income of $89 million and earnings per share of $0.45 versus $0.19 expected.
• Global daily active users rose 21% year-over-year to 110.4 million, slightly exceeding analysts’ projections.
• The company projected third-quarter revenue between $535 million and $545 million, well above Wall Street estimates of $473 million.
• Last month’s launch of two AI-powered ad features is designed to help brands tap into Reddit conversations and boost campaign engagement.
• Data licensing revenue jumped 24% to $35 million as weekly users of the Reddit Answers AI tool climbed to 6 million ahead of deeper integration into core search.