Reddit (RDDT) Expected to Release Earnings on Thursday

Reddit (NYSE:RDDT) is projected to issue its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect Reddit to announce earnings of $0.99 per share and revenue of $730.8830 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 4:30 PM ET.

Reddit (NYSE:RDDT) last released its earnings results on Thursday, April 30th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.62 by $0.39. The firm had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The business’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts expect Reddit to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Reddit Stock Up 6.3%

Reddit stock opened at $179.44 on Tuesday. The business has a 50 day moving average price of $175.08 and a two-hundred day moving average price of $166.63. Reddit has a 12 month low of $119.27 and a 12 month high of $282.95. The stock has a market cap of $34.54 billion, a price-to-earnings ratio of 51.27 and a beta of 1.93.

Insider Activity

In other news, CAO Michelle Marie Reynolds sold 808 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total value of $161,600.00. Following the sale, the chief accounting officer owned 15,060 shares in the company, valued at approximately $3,012,000. The trade was a 5.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $173.13, for a total transaction of $3,116,340.00. Following the sale, the chief executive officer owned 373,814 shares of the company’s stock, valued at $64,718,417.82. This trade represents a 4.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 169,141 shares of company stock worth $28,680,845. Corporate insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Reddit

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDDT. Geneos Wealth Management Inc. raised its stake in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Reddit in the 4th quarter worth approximately $46,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Reddit by 214.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 220 shares of the company’s stock worth $51,000 after acquiring an additional 150 shares during the last quarter. GW&K Investment Management LLC grew its position in Reddit by 76.2% during the 4th quarter. GW&K Investment Management LLC now owns 229 shares of the company’s stock worth $53,000 after acquiring an additional 99 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Reddit during the 4th quarter valued at $66,000.

Wall Street Analysts Forecast Growth

RDDT has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Reddit from $176.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Raymond James Financial set a $180.00 target price on shares of Reddit and gave the company a “market perform” rating in a research note on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $200.00 price target on shares of Reddit in a research report on Friday, May 1st. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Reddit in a research note on Friday, May 1st. Finally, Truist Financial set a $265.00 price objective on Reddit in a report on Friday, May 1st. Nineteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $232.48.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.