Reddit Beats Revenue and Profit but U.S. Users Fall, Stock Drops 21%

Key Facts

1Reddit's revenue rose 61% year over year to $805 million, its eighth consecutive quarter of growth above 60%.

Reddit reported second-quarter 2026 earnings that beat expectations on revenue, profit and raised guidance, while data showed the first sequential decline in U.S. daily active users in five quarters.

Revenue rose 61% year over year to $805 million, marking the eighth straight quarter of growth above 60%, as U.S. daily active uniques fell to 53.2 million from 53.5 million.

The user-metric decline overshadowed the strong financial results and triggered a 21% drop in the stock price in after-hours trading.