Earnings call briefSecond-quarter 2026
Reddit estimates third-quarter revenue of $860 million to $870 million
Reddit also lowered its full-year SBC expense guidance to the low to mid-teens as a percentage of revenue, from the high teens.
GetSignal Reddit RDDT
Reddit said on its second-quarter call that it estimates third-quarter adjusted EBITDA of $385 million to $395 million, a 45% margin at the midpoint.
Reddit also said it expects third-quarter SBC and related taxes of $140 million to $155 million. It also said it expects full-year dilution to be at the lower end of its 1% to 3% targeted range, before considering buybacks or acquisitions.
Quotes from the call
“We are lowering our full year expense guide for SBC from the high teens as a percentage of revenue to the low to the mid-teens as a percentage of revenue.”
Key facts from the call
- Third-quarter revenue estimate
- $860 million to $870 million, up 47% to 49% year over year
- Third-quarter adjusted EBITDA estimate
- $385 million to $395 million, up 63% to 67% year over year
- Expected third-quarter SBC and related taxes
- $140 million to $155 million
- Full-year SBC expense outlook
- Low to mid-teens as a percentage of revenue, from high teens
Source: Reddit's second-quarter 2026 earnings call, July 30, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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