Market
Reddit (RDDT) Is Up 7.5% After AI Ad And Data Deals Turbocharge Q1 Results - What's Changed
YahooMay 3, 2026
In the first quarter of 2026, Reddit reported revenue of US$663.41 million and net income of US$203.98 million, both sharply higher than a year earlier, as advertising and user engagement drove strong growth. Management also highlighted seven consecutive quarters of revenue growth above 60%, industry‑high gross margins above 90%, and rising contributions from AI-driven advertising tools and data licensing partnerships with Google and OpenAI. With Reddit’s quarterly results beating...
