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Reddit Q2 Revenue Forecast Tops Estimates at $715-725M, Driven by AI Tools

2026-05-01 01:31:29

According to Reuters, on April 30, Reddit forecast second quarter revenue of $715 million to $725 million, above analysts' $711.6 million estimate. The company attributed the outperformance to AI tools that help advertisers target users and manage campaigns. Reddit also projected adjusted EBITDA of $285 million to $295 million, exceeding estimates of $277.1 million. Active advertiser count rose 75% year-over-year, signaling strong demand from brands seeking access to Reddit's engaged user base.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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