Reddit 1Q Profit, Sales Surge

Dow Jones

May 01

By Christopher Kuo

Reddit's profit surged in its latest quarter as double-digit growth in ad revenue boosted sales.

The social media company on Thursday posted a first-quarter profit of $204 million, or $1.01 a share, compared with $26 million, or 13 cents a share, a year earlier. Analysts expected earnings of 57 cents a share, according to FactSet.

Revenue surged 69% to $663 million, topping analyst estimates of $607.7 million.

Ad revenue, which makes up the bulk of the San Francisco company's top line, soared 74% to $625 million. Other revenue, which includes the company's content licensing deals, rose 15% to $39 million.

For the second quarter, Reddit expects revenue of $715 million to $725 million. Analysts were looking for $710.9 million.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

April 30, 2026 16:25 ET (20:25 GMT)

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Analysts were looking for $710.9 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Christopher Kuo at chris.kuo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2026 16:25 ET (20:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RDDT","symbol_name":"Reddit","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2632695506","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2632695506","pubTimestamp":1777580700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Reddit's profit surged in its latest quarter as double-digit growth in ad revenue boosted sales.The social media company on Thursday posted a first-quarter profit of $204 million, or $1.01 a share, compared with $26 million, or 13 cents a share, a year earlier. 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Analysts were looking for $710.9 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RDDT":"Reddit","RDTL":"2倍做多RDDT ETF-GraniteShares","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4077":"互动媒体与服务","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4547":"WSB热门概念","RDYY":"YIELDMAX RDDT OPTION INCOME STRATEGY ETF"},"translate_title":"Reddit第一季度利润、销售额激增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDDT":1.98,"RDTL":0.6,"RDYY":0.6},"content_text":"By Christopher Kuo \n\n\n \n\n\nReddit's profit surged in its latest quarter as double-digit growth in ad revenue boosted sales. \n\n\n  The social media company on Thursday posted a first-quarter profit of $204 million, or $1.01 a share, compared with $26 million, or 13 cents a share, a year earlier. Analysts expected earnings of 57 cents a share, according to FactSet. \n\n\n  Revenue surged 69% to $663 million, topping analyst estimates of $607.7 million. \n\n\n  Ad revenue, which makes up the bulk of the San Francisco company's top line, soared 74% to $625 million. Other revenue, which includes the company's content licensing deals, rose 15% to $39 million. \n\n\n  For the second quarter, Reddit expects revenue of $715 million to $725 million. Analysts were looking for $710.9 million. \n\n\n \n\n\n  Write to Christopher Kuo at chris.kuo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2026 16:25 ET (20:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}