Hi redditors, 

We’re releasing our Q3’25 financial results on Thursday, October 30, 2025. You’ll be able to listen to the live earnings call (webcast details) and ask questions in advance that Reddit execs (Steve Huffman, CEO), (Jen Wong, COO), and (Drew Vollero, CFO) may read out and respond to during the call. We’ll post on the same day of the earnings call to gather your questions. Question selection is subject to our guidelines and community rule #2.

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**SAN FRANCISCO–(BUSINESS WIRE)--**Reddit, Inc. (NYSE: RDDT), announced today that the company’s third quarter 2025 financial results will be released after market close on Thursday, October 30, 2025.

Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day.

The live webcast of the conference call and related earnings materials can be accessed at Reddit’s Investor Relations website at and investor relations subreddit. A replay of the webcast will also be available following the call at the same websites. 

Reddit will solicit questions from the community at on Thursday, October 30, 2025, and post responses following the earnings call at Reddit’s Investor Relations website at and investor relations subreddit.

Hi redditors, 

We announced Reddit’s Q2 2025 earnings results. During our conference call at 2pm PT / 5pm 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. 

How can I submit a question?

Please share your questions about Reddit’s earnings results in the comments below. Reddit’s CEO, Steve Huffman, ; COO, Jen Wong, ; and CFO, Drew Vollero, , will answer a couple during the Q&A portion of today’s conference call and a few more in the comments. 

Note: There won’t be an AMA video this quarter. Instead, Steve, Jen, and Drew will respond to select questions directly in the post—the old-fashioned way.

General guidelines: 

• Comments will be ON until 3:00pm PT / 6:00pm ET today 

• Questions must abide by community rules

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Reddit Announces Second Quarter 2025 Results

• Daily Active Uniques (“DAUq”) increased 21% year-over-year to 110.4 million

• Revenue grew 78% year-over-year to $500 million

• Gross margin expanded year-over-year to 90.8%

• Net income of $89 million, 18% of revenue. Diluted EPS of $0.45

• Adjusted EBITDA¹ of $167 million, 33% of revenue

• Operating cash flow of $111 million. Fully diluted shares of 206.6 million, up 0.3% sequentially

SAN FRANCISCO, Calif. – July 31, 2025 – Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended June 30, 2025. Reddit’s complete financial results and management commentary can be found in its shareholder letter on Reddit’s Investor Relations website at .

“Reddit is built for this moment. In a world where connection is increasingly rare, our communities show how valuable human conversation and knowledge really are,” said Steve Huffman, Reddit Co-Founder and CEO. “We’re focused on growing globally, scaling sustainably, and making Reddit the most trusted place on the internet.”

Second Quarter 2025 Financial Highlights

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 2025, we estimate:

• Revenue in the range of $535 million to $545 million

• Adjusted EBITDA² in the range of $185 million to $195 million

Earnings Conference Call Information and Community Update

Reddit will host a conference call to discuss the results for the second quarter of 2025 on Thursday, July 31, 2025, at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast of the call can be accessed on Reddit’s Investor Relations website at  and investor relations subreddit, , at . A replay of the webcast and transcript will be available on the same websites following the conclusion of the conference call.

Reddit will solicit questions from the community in the investor relations subreddit, , at  on Thursday, July 31, 2025, after the market closes, and post responses following the earnings call at Reddit’s Investor Relations website at  and  at .

Reddit uses the investor relations page on its website , as well as the subreddits  and , available at  and , respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

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Notes

¹ The 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 -.

² We 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. Reconciliation of GAAP to non-GAAP financial measures is set forth in our letter to shareholders. 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 Securities and Exchange Commission (the “SEC”) from time to time, including Reddit’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, 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.

Edited to add forward looking statements