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Reddit second quarter revenue rockets higher to $805 Million
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Reddit (NYSE:RDDT) announced second-quarter 2026 revenue of $805 million, up 61% year over year, as advertising revenue growth supported higher financial results.
Reddit (NYSE:RDDT) announced second-quarter 2026 revenue of $805 million, up 61% year over year, as advertising revenue growth supported higher financial results.
US-based internet forum Reddit has filed a High Court challenge against Austraila's recent social media ban for users under 16, citing "serious privacy and political expression issues for everyone on the internet," a company spokesperson said.
In court filings lodged on Dec. 12, Reddit argues the ban infringes the country's implied freedom of political communication, restricting children from engaging in online political discourse—a factor that, the company contends, informs the views of parents, teachers, and future voters.
Reddit (NYSE:RDDT) shares surged in after-hours trading on Thursday after the social media platform delivered a "triple-beat" report, significantly outperforming Wall Street expectations on revenue, earnings, and user growth while announcing its first-ever $1 billion share repurchase program.
