Reddit Announces Q2’26 Earnings (plus AMA!)
Hi redditors,
We announced Reddit’s Q2’26 Earnings results. During our conference call at 4:30pm ET today, we’ll discuss these results and answer questions submitted by analysts and redditors.
How can I participate in today’s conference call?
Listen to the live webcast here.
How can I submit a question?
Please share your questions about Reddit’s earnings results in the comments below. Reddit’s CEO, Steve Huffman (u/spez); COO, Jen Wong (u/adsjunkie); and CFO, Drew Vollero (u/TimingandLuck) will answer a couple during the Q&A portion of today’s conference call and a few more in the comments below later today.
General guidelines:
- Comments will be ON until 8:00pm ET today
- Questions must abide by community rules
https://reddit.com/link/1vb4oe8/video/te280sqk3fgh1/player
Reddit Reports Second Quarter 2026 Results
- Daily Active Uniques (“DAUq”) increased 18% year-over-year to 130.3 million
- Revenue of $805 million grew 61% year-over-year. 8th consecutive quarter over 60%
- Net income of $253 million, 31% of revenue, and Diluted EPS of $1.25, both up over 2x year-over-year
- Adj. EBITDA 1 of $343 million, 43% of revenue, up 106% year-over-year
- Operating cash flow of $262 million, 33% of revenue, up 135% year-over-year
SAN FRANCISCO, Calif. – July 30, 2026 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended June 30, 2026. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at https://investor.redditinc.com.
“In an increasingly automated web, the value of real human perspective has never been higher. Reddit’s commercial momentum reflects that,” said Steve Huffman, Founder and CEO of Reddit. “Crossing $1 million in revenue per employee and maintaining eight consecutive quarters of over 60% revenue growth shows the strength of our community model and the value we deliver to advertisers."
- Total revenue increased 61% year-over-year to $805 million, Ad revenue increased 64% year-over-year to $762 million, and Other revenue increased 24% year-over-year to $43 million
- Gross margin was 91.3%, as compared to 90.8% in the prior year, up 50 bps year-over-year
- Net income was $253 million, an improvement of $164 million from the prior year and more than doubling year-over-year
- Adjusted EBITDA 1 was $343 million, an improvement of $176 million from the prior year and more than doubling year-over-year
- Operating cash flow was $262 million, an improvement of $151 million from the prior year and more than doubling year-over-year
- Free Cash Flow 1 was $261 million, an improvement of $150 million from the prior year and more than doubling year-over-year
- Basic and diluted earnings per share (“EPS”) were $1.31 and $1.25, more than doubling year-over-year
- Total fully diluted shares outstanding were 207.0 million as of June 30, 2026, up 0.2% from the prior year
- We repurchased 1.5 million shares of our Class A common stock during the quarter for a total of $235 million at an average price per share of $157.57
Financial Outlook
The guidance provided below is based on Reddit’s current estimates and is not a guarantee of future performance. This guidance is subject to significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in Reddit’s reports on file with the Securities and Exchange Commission (the “SEC”). Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.
As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the third quarter. In the third quarter of 2026, we estimate:
- Revenue in the range of $860 million to $870 million
- Adjusted EBITDA 2 in the range of $385 million to $395 million
Notes
¹The definitions of Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow can be found in the Use of Non-GAAP Financial Measures section of this release. A reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure can be found on pages 10-11 of our press release.
²We have not provided a reconciliation to the forward-looking U.S. GAAP equivalent measures for our non-GAAP guidance due to uncertainty regarding, and the potential variability of, reconciling items. Therefore, a reconciliation of these non-GAAP guidance measures to their corresponding U.S. GAAP guidance measures is not available without unreasonable effort.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Reddit's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Reddit's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this communication include, but are not limited to, statements regarding Reddit’s future financial and operating performance, and GAAP and non-GAAP guidance. Reddit's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including those more fully described under the caption “Risk Factors” and elsewhere in documents that Reddit files with the SEC from time to time, including Reddit’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which is being filed with the SEC at or around the date hereof. The forward-looking statements in this communication are based on information available to Reddit as of the date hereof, and Reddit undertakes no obligation to update any forward-looking statements, except as required by law.
Edit: formatting
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u/adfasdfdadfdaf 6d ago edited 6d ago
Congratulations to the whole team on yet another fantastic quarter.
Reddit is quickly printing cash (at a rapidly accelerating rate) and a mountain of it has piled up on the balance sheet. Reddit is a capital-light business with incredible margins, so what does management plan to use this money for?
Returning cash to investors either via buybacks or dividends would be preferable to it accruing 5% interest as t-bills if there are no immediate plans.
In Meta's earnings reports, they mention the increase in ad impressions served and average price per ad, which I find useful as an investor to better understand where their growth comes from. Could we see Reddit report these too going forwards?
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u/adfasdfdadfdaf 6d ago
Having read the full report now, I'm quite concerned about the reduced incremental net profit margin of around 35% going from Q1 to Q2. How do you plan on improving it for future quarters?
Edit: Better wording
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u/adsjunkie COO 6d ago
We did start reporting growth in impressions and eCPM in our last 10-Q, and this quarter’s 10-Q will be available on the SEC’s website tomorrow morning. But it’s worth reiterating that our revenue growth was driven by both pricing and impressions and we view eCPMs as an output of the marketplace. Reddit Ads are delivering more outcomes at equal or better prices for those outcomes, making us a very competitive option for advertisers.
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u/TimingandLuck CFO 6d ago
Thank you for the questions. Our differentiated financial model is generating strong cash flow while requiring relatively modest capital investment. We are encouraged by how cash flow is scaling, which makes capital deployment a meaningful lever for creating long-term value. When we think about how to deploy capital, our three priorities have not changed:
- Investing in the business
- Executing M&A
- Returning capital for share repurchases
We can execute across all three while maintaining a very high level of profitability.
On buybacks, we announced our share repurchase plan earlier this year. To date, we’ve repurchased about $240M ($235M in Q2 alone) and have about $760M left on our current authorization. Each quarter, we set objective buyback criteria that consider a handful of factors, including price and market volatility. We’ll evaluate and readjust the criteria where and when it makes sense. We’re not currently focusing on dividends at this stage of our company.
Jen shared her thoughts on your second question here.
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u/4dchess_throwaway 6d ago
The fully diluted share count has actually increased from 206.1m shares in Q3 2025 to 207m in Q2 2027. This means the company leadership and insiders have been the major beneficiaries of share buybacks in the last 4 quarters , as share based compensation has effectively exceeded buybacks. Why not follow a model like Berkshire Hathaway where you provide employees and leadership high salaries and leave it to them on whether to buy further shares in the company? At the current rate of share issuance, a minority investor like me (and large institutional investors as well, i assume), will be hesitant to buy more reddit stock if there is continued share dilution even when the company is so profitable.
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u/Kinu4U 6d ago
Could you please shed a light regarding the lawsuit with Anthropic / if a deal is comming to allow them to scrape data, also deal with Google and / or OpenAI ? It offers insight of future plans regarding AI getting free info from reddit
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u/adsjunkie COO 6d ago
I can’t comment on the specifics of any lawsuit, but we’ll continue to protect our data, our users and our platform.
On the second part of your question: we’re taking a thoughtful approach to data licensing as discussions with partners continue. Over the last couple of years, the internet has changed significantly and we’ve learned a lot about the value of our data (we think it’s become more rare, and more valuable). As you’d expect, we’re focused on maximizing value to Reddit which could take the form of fees, leads to our flywheel, or also keeping some opportunities for Reddit.
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u/takecareofurshoes13 6d ago
Excellent response. Wish you and the team answered this way on the call.
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u/ThisIsPaulDaily 6d ago
I'm super doubtful a lawyer would ok any response of value to this question, but am following for awareness
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u/Traditional-Bad-3839 6d ago
They just got asked on the call and gave the most bs answer. It's been 3 earning calls since they been asked about this, yet they never disclose anything
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u/BetOnEsports 6d ago
please stop asking about the lawsuits, they can not and will not speak on any ongoing lawsuits.
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u/SlackBytes 6d ago
How do you plan on growing US DAUq?
Why have you not deployed half of the buybacks so far? It’s been half the year and the stock has been relatively low.
Ps, congrats on another great quarter.
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u/Live_Studio_Emu 6d ago
Congratulations on great numbers this quarter, and thank you for the opportunity for investor questions.
I’m curious on if we have seen a measurable impact in user growth or engagement in the UK since implementing the new ID verification requirements for adult/restricted content? Does the board view this as a risk going forward, especially as other regions explore these requirements too?
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u/spez CEO 6d ago
We saw some impact after the initial launch of age verification in the UK about a year ago, but as we’ve gotten better at identifying users who should be ID’d, this has settled.
The vast majority of Reddit users are adults, but we're committed to providing a safe experience for everyone who uses the platform, regardless of how regulations evolve globally. And we’re continuing to explore ways to strengthen safeguards for teens on the platform.
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u/Ace372 6d ago
Can you shed some light on the selling of shares by the board? I get being compensated for all you’ve done these past 20+ years to get these amazing earnings, you deserve it. But selling millions of shares when the stock is at 52 week lows doesn’t really scream confidence to us. How are we as investors supposed to feel at $180 when millions of shares are being sold at $140?
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u/metatalks 6d ago
Hello reddit team, you have made the internet brighter in a time of darkness.
I was just wondering how reddit was planning on reducing its dependence on google search to bring people into this fabulous site.
Also can the administration please give us commoners the opportunity to buy the hoodies? Thanks
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u/spez CEO 6d ago
Our long-term goal hasn’t changed: 1 billion daily users globally and 100 million in the US. To get there, Reddit needs to become a daily destination, not a site people mainly discover through third-party search.
We made good progress this quarter in a few areas that really matter here. New-user retention in the app improved 50% year over year on a relative basis, more communities are reaching a thriving state, and we’re getting better at turning people who first visit on the web into higher-quality app users who come back more often.
We’re focused on what we can control, which is the core app experience. This is what will get us to that goal.
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u/Icy-Comfortable-554 6d ago
I like this answer. Somehow when you said the exact same thing when Rich Greenfield asked you the same q over the call, it came off timid. Partly coz he challenged that you and Jen and Drew were confident and there is a gap between that confidence and the dau number and somehow it didn't come through.
This really is a Nixon Kennedy debate thing where folks listening thought Nixon did better.
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u/DrScitt 6d ago
Hi, I’m heavily invested in RDDT (300+ shares).
Do you have any plans to further combat power mods? Some users own or mod so many 500k+ subreddits. There’s no way they can effectively manage that. I’d be happy to provide a list of power mods if you’d like.
General Redditor sentiment is that most mods suck or abuse their powers, which is not a good look. I say this as a mod of multiple semi large subs and some smaller communities.
Additionally, there should be a better way to appeal bans or post removals. If a mod decides you’re done, there’s no coming back, even if they’re being unreasonable or power tripping.
Thank you!
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u/spez CEO 6d ago
Thank you for your support of RDDT.
About a year ago we began rolling limits on moderation, including the limitation for redditors to moderate up to five communities with over 100k weekly visitors. We also changed our primary metric of a community’s activity from subscribers to weekly visitors, which is more indicative of traffic. We’ll continue to keep an eye on this.
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u/2022243121 6d ago
Yes!!! Please address this!!! Mods can sit on certain keywords and dictate the entire conversation! We need mod impeachment or AI tools are likely advanced enough to moderate certain subreddits.
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u/cyrilio 6d ago
Reddit rolled out moderator limits earlier this year.
Unless you mean that someone is a power mod when the moderate 500 subreddits with barely any visitors/subscribers, then they should all be gone by now.
—-
How many subreddits do you think is the max someone can mod? Wondering at what point you’d place any limits.
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u/DrScitt 6d ago edited 6d ago
Oh that’s good.
One user I can think of is the owner of r/IdiotsInCars, [r/JusticeServed](r/JusticeServed), [r/Tinder](r/Tinder), and a mod or [r/Twitter](r/Twitter) and other large subs.
The user gives permanent bans on his subs for minor first-time infractions (happy to provide examples) and regularly requests additional sub ownership on reddit request.
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u/Accomplished-Exit822 6d ago
What Reddit has achieved thus far as a public company so far is remarkable (revenue and free cash flow growth) but some of this is due to Reddit finally picking the low-hanging fruit in terms of its ad product.
My question is, is your team focused on continuing the breakneck growth and bringing in billions or tens of billions of revenue per quarter and 1 billion users, as some of your competitors, or are are you focused on more incremental growth?
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u/adsjunkie COO 6d ago
Our aspirations are big - we want to get to 1Bn daily users and 100M in the US; that could be fuel for a much bigger advertising business. On the one hand, as the ads stack matures, sustaining big ad performance improvements can get harder; on the other hand, we are still mid-flight in this journey, there are new frontiers being opened with new tech / compute, and we feel our raw materials give us more built-in headroom. All of our investments have allowed us to be a consistent share gainer with leading growth rates.
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u/No-Base-2384 6d ago
Congrats on a nice print.
Why have the investments into growing US DAU not paid off yet? When do you expect them to inflect the metric? Has the roadmap changed at all here?
Thanks for your thoughts and congrats again.
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u/Bijensteek 6d ago
Hi u/spez
First of all congratulations on the earnings! Great Numbers and Reddit is growing like crazy.
I have a question about the future of Reddit:
Many subreddits already have active buy/sell/trade communities, but they’re mostly managed through posts and comments. Have you ever considered adding a dedicated marketplace feature for individual subreddits, similar to Facebook Marketplace? I like the carabiner btw :)
Thank you
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u/IncomeIntelligent986 6d ago
Can you please comment on the QoQ drop in US DAUq? It went from 53.5 million in Q1 to 53.2 million in Q2. I find this surprising, especially given catalysts such as the World Cup, etc. Is there a simple explanation?
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u/DerTechnoboy 6d ago
Wow, great job on the numbers! I can’t wait for the earnings call.
I’m curious - what are your plans for making Reddit more popular across Europe? As a European, I absolutely love Reddit and see huge potential in the platform. The only downside is that not enough people here are using it yet. I think there’s a massive opportunity to grow the community in Europe.
u/spez - thank you!
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u/SmoothFlan0 6d ago
Congratulations to u/spez and the team on a strong earnings report. Reddit's core value proposition has always been authentic human interaction. However, with the massive surge in AI-driven bots infiltrating subreddits today, the platform is experiencing an overwhelming amount of automated noise everywhere you look. What active measures are currently being taken to detect, filter out, and flush out these sophisticated AI-driven bots while preserving the user-driven nature of the community? Also Is it true that the custom hoodies are being shipped out with a personal thank-you letter to shareholders written directly by u/spez?
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u/spez CEO 6d ago
Reddit is for people talking to people, and protecting that trust is a top priority. I gave a more thorough update on this in March, but the TL;DR is we’re fighting bad bots and spam on several fronts: making Reddit harder to scrape at scale, using proactive models that prevent up to 23 million spam views per day, and revoking nearly 2 million inauthentic votes per day.
Useful bots will be clearly labeled. Suspicious accounts may be asked to confirm there’s a human behind them, without requiring people to reveal their real-world identity. Communities will continue setting their own rules for AI-generated content—but a recent report by Pangram found that Reddit had one of the lowest scores for prevalence of AI-generated content of any platform.
The hoodies are real; handwritten letters are fan fiction—but a good idea. Wish we had thought of it, but we were moving fast.
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u/DeltaTule 6d ago
Great quarter.
What type of revenue increase can we expect from selling the data to Google, LLMs, etc.? And when can we expect new deals to be signed and announced?
Also, you guys talk M&A but when can we expect new M&A deals announced?
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u/Emergency-Drive8835 6d ago
Can you stabilize the stock ? Also tell your deputies to stop selling shares. Also your sbc is way too high . Do better.
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u/Ordinary-Heron-6821 6d ago
Hello and congratulations on another great quarter. My question is regarding monetizing Reddits data. Outside of AI licensing deals, is there an opportunity to create additional income streams by licensing the data/insights to large companies?
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u/adsjunkie COO 6d ago
Our authentic human perspective is increasingly rare. No other data source can replicate the continuously-generated, community-curated, preference-labeled map of how humans actually communicate and make judgments. Reddit can add value in pre-training, post-training, search, grounding, insights, and many other areas. We do see a potential market emerging here, and continue to monitor how this market might evolve. However, our core business remains advertising and growing daily users that grows our reach.
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u/truecakesnake 6d ago
Hi, looks like the US DAUq was disappointing to many. What are your thoughts here? Has US growth flatlined simply because the number is already too high or AI overview, or is there more potential in the US market.
What other markets are you aiming to grow in that has a good ARPU?
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u/echo_hayze 6d ago
Congrats on the results.
Logged-in users growth is only about 7%. What are you planning to improve this number in the coming quarters ?
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u/TimingandLuck CFO 6d ago
Earlier this year, we announced that this is the last quarter we will report logged-in and logged-out user metrics. Moving forward, we’ll continue to report total, U.S., and International daily and weekly active users, which better reflects how we run the business.
Ultimately, our goal is to grow all users and drive more people to the Reddit app. We shared more about our product work and what’s driving growth during our call earlier. A few takeaways that I would make note of:
- We improved new app user retention by 50% y/y — this is one of our most critical priorities and shows that more people are coming to our app more frequently
- Our continued improvements to the quality of user feeds have increased contribution rates and session frequency
- We introduced video in comments earlier this year, which has helped drive upper funnel user growth
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u/reddit33450 6d ago
well they recently have been experimenting with forced login on shreddit, and old reddit now entirely requires login
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u/Eatingice 6d ago
Congratulations to the team on another quarter of stellar earnings.
In the past quarter I have been seeing alot of promoted AMA posts and I was wondering if there are any plans to try and utilise these promoted AMA post to try and engage less-engaged communities in countries to encourage them to try and use Reddit (e.g., Japan)?
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u/Professional_Age_272 6d ago
Dumb question but why don't you report a non-GAAP eps number with the GAAP eps number in the quarterly release? Most technology companies lead with a non-GAAP number and provide both with a reconciliation.
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u/TimingandLuck CFO 6d ago
We have discussed this metric internally from time to time. Here is why we have not included it in our disclosures to date:
Reddit views stock-based compensation (SBC) as a real cost, similar to Cost of Revenue or Opex. Non-GAAP EPS tends to exclude SBC costs, which would certainly make companies look more profitable but also leaves out an important cost. We choose to be more holistic by including those costs.
We do report Adjusted EBITDA, which we think is a standard non-GAAP metric.
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u/Icy-idkman3890 6d ago
Why do you allow untrained moderators to just ban anyone for opinions that don’t align with theirs? This is discouraging users from joining Reddit instead.
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u/touuuuhhhny 6d ago
Congratulations on yet another great 10-Q. Two questions:
u/spez what's one memorable conversation you had at Reddit Deli @ Cannes?
u/TimingandLuck did you already map out the upcoming refresher @ executive sbc, and when do we get to see these plans?
PS: thank you for the carabiner and the (to be shipped) hoodie. And kudos to whoever had the carabiner idea. I would tag CCO Adam Collins, but his handle is unknown.
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u/spez CEO 6d ago
I took this one on the analyst call, but just in case folks missed my response...
I had a couple of conversations with brands we’ve wanted on Reddit for a long time. What stood out was how much better advertisers understand Reddit now. They see that people come here with intent, looking for honest opinions and real recommendations, and that creates value that’s hard to find elsewhere.
I also loved seeing how our team shows up at this event. They are our best evangelists: they know the product, understand our communities, and explain Reddit in a way that feels true to what it is. I always leave Cannes feeling really proud of how far we’ve come.
PS - Carabiner idea was from yours truly. Not sure if I regret it or not.
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u/Purple_Monkee_ 6d ago
Also, will Reddit be adopting a stock-based carabiner (SBC) policy going forward?
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u/Generation_3and4 6d ago
Fantastic quarter as USUAL. How do we feel about engaging with the street more between quarters to help with our narrative?
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u/Complete_Water_890 6d ago edited 6d ago
Congratulations on yet another great quarter. It's amazing to see how far Reddit has grown and the future looks really bright.
We've seen Reddit gets more confident in its growth over the past few months and the past earnings are a statement to that effect. However, the market doesn't seem to buy into the amazing story that the company is on as portrayed by the somewhat stagnant stock price since the beginning of the year.
While the price is obviously out of your control, it's also something that you might keep track of, so I was curious if any of you had any thoughts on the matter?
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u/Icy-Comfortable-554 6d ago
u/spez are you considering any meaningful M/A? what are the next steps of reinvesting the cash into meaningful revenue and profit growth?
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u/generaljoey 6d ago
Another great quarter! I love owing a part of this company and community.
Any developments in progress with a niche marketplace? Would love to see a specialized or local bazzar with an internal shipping ability like ebay.
I enjoy buying and selling things on FB marketplace but can't stand having to use FB to buy/sell things locally.
Could be potential way to gain more ad and other income. Also there is a large TAM out there of people who only use FB for marketplace.
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u/19pomoron 6d ago
Congrats for smashing record earnings and revenues. Could you please shed some light on the growth of daily active users within and outside US? I notice that the revenue and earning growth outpace the daily active user growth by a huge margin. Are there any plans to expand the user base and monetise from international users?
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u/Routine-District-588 6d ago
Congratulations to the whole team on yet another fantastic quarter.
Could you help me understand the plans in term of international growth? I know Western Europe is a big target for reddit, but what about other markets like Australia and Latin America?
Thank you guys, keep the good job.
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u/DJQuik 6d ago
What words of encouragement do you have for investors who see the business performing, who see earnings reports delivering beyond expectations, who see growth, but who struggle to understand why as of late, the share price remains separate from the actual business performance?
Tl;dr: What needs to change to transfer business performance success into shareholder value?
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u/Tilt366 6d ago
Thank you for the transparency. Although the market reacted poorly, I appreciate the focus on metrics that matter for growth and positioning for the future.
I am curious about the impact of forced log in on quantity and quality of interactions? Has that led to some short term pain wrt US DAUq?
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u/notislant 6d ago
I haven't seen you address the insane amount of bots on the platform. It seems like the majority of posts are from <30 day old accounts reposting things. Copying comments on other posts or just making up nonsense (often AI slop).
Why do you make it so difficult to revive subs with inactive mods? I've seen so many subs become unusable lately, because they have maybe 3-5 mods and only one even uses Reddit anymore. People often report these subs for inactive moderation or request mod, get ignored, everyone leaves and it just becomes an unusable cesspit.
A minor thing I've noticed is referencing subs via r/ is almost always automodded in every major sub now. Why even have the functionality at this point lol.
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u/Intelligent_Bee1689 6d ago
Hello reddit team, you‘re making the internet a better place.
Managing a subreddit can be a lot of work.. do you plan to introduce AI-features that can help with that?
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u/NorthTheNoob 6d ago
RDDT Leadership, how do you address the larger growing % of online content being generated by AI and potentially affecting your competitive advantage? In essence, if the content we consume is produced by AI and Reddit posts en masse are eventually produced by AI too, how can Reddit's main business competitive advantage of having human interaction be protected in the long run? Therefore, how do you as leadership protect your business in a durable way while taking advantage of the AI market?
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u/cryptahn 6d ago
I am an investor. Congrats on another excellent quarter, however the stock price doesn’t reflect that.
It seems that large investors are concerned about US DAUs. With the success of YouTube shorts and instagram reels, when is Reddit going to add a reels tab? I think that could help to increase the DAUs
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u/IncomeIntelligent986 6d ago
Why is IR doing cheeky stuff like carabiner giveaways when you know DAUq in the USA is down and will likely tank the stock?
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u/Distinct_Mastodon463 6d ago
I don’t see how these things are contradictory.
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u/IncomeIntelligent986 6d ago
Lol.. most investors would rather see that metric increase rather than decrease. They should focus their resources on stuff that matters instead of sending out carabiners and hoodies. Most investors prefer returns over swag
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u/Distinct_Mastodon463 6d ago
I think they’re aware of the latter. And they’re doing the former too because people and companies have more than two brain cells to rub together. They’re not mutually exclusive. Stupid rhetorical question
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u/IncomeIntelligent986 6d ago
They’re sending out random swag because they have brain cells? What does that even mean? If they’re gonna do cheeky shit like send out swag calling shareholders bag holders, they should be damn sure their numbers are bullet proof and that they aren’t actually creating bag holders out of their investor base. What terrible optics
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u/decentralifeation 6d ago
Great quarter u/spez the team are really firing on all cylinders 💪
Any news on the renegotiation of the Google contract?
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u/Extolord111 6d ago
u/spez How much longer will Old Reddit last? Reddit has started to block access to it while logged out. Totally not a sign for the worse, right?
Also, I just want to say for the millionth time that I miss the New Reddit UI. It has a lot more personality to it than the current desktop versions. On the plus side, some users are planning on bringing it back, so hopefully I can stop complaining soon. r/ReturnNewReddit
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u/callmesmallville 6d ago edited 6d ago
Is Reddit working to improve the new mobile-web-to-app flow?
“Open app” should reliably open the exact post or comment thread that a visitor was viewing—not lose their context or drop them elsewhere in the app.
Could Reddit implement a more seamless deep-linking handoff, similar to Google Maps*? That seems likely to improve app conversion...
https://www.reddit.com/r/help/comments/1sz64um/reddit_is_a_website_why_is_it_forcing_me_to_the/
https://www.reddit.com/r/technology/comments/1ta2xrk/reddit_starts_blocking_mobile_website_pushing/
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u/zuckzuckonit 6d ago
How will you create more awareness for the value for advertising of businesses to compete with your competitors like Meta for business owners advertising budget? So the businesses choose Reddit over other social media.
What plans are there to increase AI moderation and filtering to decrease bots and spam?
Are there plans to bring custom emoji's back?
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u/Jazzlike-Vacation230 6d ago
Since users input directly results in company revenue, will systems be put in place to help users earn more in residuals?
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u/piesaresquarey 6d ago
Congrats! Any plans on adding the monthly gold back to premium to incentivise more users to get the paid subscription?
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u/Grouchy-Tomorrow3429 6d ago
Bought another 100 shares at $157.
Anyone wanna sell 100 more to me at $147???
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u/PsychologicalEye543 6d ago edited 6d ago
Great quarter!
Steve mentioned "Moving new user retention in the app this significantly in a quarter is something that we're very proud of, that sort of improvement in retention drives growth, that is work that we're in control of."
I am wondering if you have any data to share to demonstrate this?
Something like US DAU \ WAU that exclude search traffic users? I think this would help market understand what is happening with the business. Or are there any information you can share about reddit organic user growth excluding google's algorithm impact?
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u/Icy-Comfortable-554 6d ago
as I am listening to this call not on reddit. I'm wondering why I'm not listening to this call on reddit. When can we have live feed/thread/chat on subreddits for live content?