Reddit (RDDT) to Announce Earnings on Thursday

Reddit (NYSE:RDDT) is expected to announce its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect Reddit to post earnings of $0.99 per share and revenue of $730.8820 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 4:30 PM ET.

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

Reddit Stock Performance

NYSE RDDT opened at $170.38 on Thursday. Reddit has a one year low of $119.27 and a one year high of $282.95. The stock has a 50-day moving average of $174.21 and a 200 day moving average of $168.20. The company has a market capitalization of $32.80 billion, a price-to-earnings ratio of 48.68 and a beta of 1.93.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Negative Sentiment: Investors are worried Reddit could restrict Google’s access to its content for AI training, creating uncertainty around a key licensing agreement and raising questions about future monetization. Reddit stock sinks on report it may not renew Google AI content deal
• Negative Sentiment: The market also sees a risk that Google’s AI-generated overviews could reduce traffic referrals to Reddit, which would be a headwind for ad-driven engagement and revenue growth. Reddit stock plunges on report of possible Google content restrictions
• Negative Sentiment: Technical pressure is adding to the selloff, with the stock falling below key moving averages and momentum weakening ahead of Reddit’s next earnings report on July 30. Reddit stock sinks below key moving averages as momentum fades
• Neutral Sentiment: Recent commentary also notes that no new filing or operating update appears to be driving the move, suggesting this is mainly a sentiment-driven reaction to the Google/AI licensing narrative. Reddit slides as Google AI data-deal uncertainty revives traffic worries

Insider Transactions at Reddit

In other Reddit news, COO Jennifer L. Wong sold 39,167 shares of Reddit stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $158.52, for a total transaction of $6,208,752.84. Following the transaction, the chief operating officer owned 1,088,451 shares of the company’s stock, valued at $172,541,252.52. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total transaction of $161,600.00. Following the completion of the transaction, the chief accounting officer owned 15,060 shares of the company’s stock, valued at approximately $3,012,000. The trade was a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 169,141 shares of company stock worth $28,680,845 in the last 90 days. 28.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its stake in Reddit by 419.0% during the 3rd quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock valued at $342,212,000 after purchasing an additional 1,201,237 shares during the period. State Street Corp boosted its stake in Reddit by 138.5% in the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock worth $305,678,000 after purchasing an additional 1,178,890 shares during the period. Wellington Management Group LLP boosted its stake in Reddit by 125.4% in the 4th quarter. Wellington Management Group LLP now owns 1,224,045 shares of the company’s stock worth $281,371,000 after purchasing an additional 681,076 shares during the period. AQR Capital Management LLC purchased a new stake in Reddit during the 2nd quarter valued at approximately $80,052,000. Finally, Bank of America Corp DE raised its position in shares of Reddit by 38.4% during the third quarter. Bank of America Corp DE now owns 1,724,560 shares of the company’s stock valued at $396,632,000 after buying an additional 478,095 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn set a $110.00 price target on shares of Reddit in a report on Monday, April 27th. Raymond James Financial set a $180.00 price objective on shares of Reddit and gave the company a “market perform” rating in a research report on Friday, May 1st. Wedbush initiated coverage on shares of Reddit in a report on Thursday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Truist Financial set a $265.00 target price on shares of Reddit in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $200.00 target price on shares of Reddit in a research note on Friday, May 1st. Nineteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.