Reddit Beats Sales Expectations Again on Continued Ads Growth

Reddit Inc. signage during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York.Photographer: Michael Nagle/Bloomberg

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April 30, 2026 at 8:10 PM UTC

Reddit Inc. projected sales in the current period that surpassed Wall Street estimates, continuing a streak of strong revenue growth powered by the company’s surging advertising business.

Revenue in the second quarter will be $715 million to $725 million, San Francisco-based Reddit said Thursday in a statement. Analysts, on average, projected $714 million, according to data compiled by Bloomberg.