The earnings call highlighted Reddit's impressive growth in revenue, user base, and profitability, alongside successful international expansion and new product offerings. However, challenges in traffic acquisition and prioritization of initiatives were noted. Overall, the positive aspects significantly outweighed the negatives.

Company Guidance -

Q3 2025

During Reddit's Q2 2025 earnings call, the company provided optimistic guidance, projecting revenue of $535 million to $545 million for Q3 2025, reflecting a 54% to 56% year-over-year growth. The adjusted EBITDA is estimated to be between $185 million and $195 million, representing a growth of 100% to 110% year-over-year. The company highlighted strong performance in Q2, with revenue growing 78% year-over-year to $500 million and an adjusted EBITDA margin of 33%. Reddit's advertising business also saw significant growth, with revenue increasing 84% year-over-year to $465 million and active advertiser count expanding by over 50%. Average Revenue Per User (ARPU) increased by 47% year-over-year to $4.53. Additionally, Reddit reported daily active users reaching 110 million, a 21% year-over-year increase, driven by product improvements and increased marketing activity. The company emphasized its strategic focus on enhancing user engagement, improving their core product, expanding search capabilities, and growing internationally to capture further opportunities in the evolving digital landscape.

Record Revenue Growth

Revenue grew 78% year-over-year to $500 million, marking the fastest quarterly growth rate since 2022.

Significant Increase in Daily Active Users

Daily active users grew to 110 million, up 21% year-over-year, driven by product improvements and increased marketing activity.

Advertising Revenue Surge

Advertising revenue increased by 84% year-over-year in Q2, reaching $465 million, with active advertiser count expanding by over 50%.

Strong Profitability Metrics

Adjusted EBITDA hit $167 million, with a margin of 33%, and GAAP net income reached $89 million.

International Expansion

Machine translation is now live in 23 languages, expanding Reddit's reach across Asia, Europe, and Latin America.

Introduction of New Ad Products

New ad formats like Dynamic Product Ads and Reddit Community Intelligence were introduced, enhancing advertiser experience and performance.

Positive Cash Flow

Q2 free cash flow ended at $111 million, with a free cash flow margin of 22% of revenue.

Reddit Inc Class A (RDDT) Earnings, Revenues Date & History

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RDDT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.50 / -	0.16	―	―	―
Jul 31, 2025	2025 (Q2)	0.19 / 0.45	-0.06	850.00% (+0.51)	―
May 01, 2025	2025 (Q1)	0.02 / 0.13	-8.19	101.59% (+8.32)	―
Feb 12, 2025	2024 (Q4)	0.25 / 0.36	0.21	71.43% (+0.15)	―
Oct 29, 2024	2024 (Q3)	-0.07 / 0.16	-0.045	455.56% (+0.21)	―
Aug 06, 2024	2024 (Q2)	-0.32 / -0.06	-0.252	76.19% (+0.19)	―
May 07, 2024	2024 (Q1)	-8.75 / -8.19	-0.373	-2095.71% (-7.82)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RDDT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$160.59	$188.64	+17.47%
May 01, 2025	$118.79	$113.83	-4.18%
Feb 12, 2025	$216.47	$204.95	-5.32%
Oct 29, 2024	$81.74	$116.05	+41.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.