Reddit, Inc. (RDDT) Earnings Call Transcripts

Reddit, Inc.'s Latest Earnings Call - June 3, 2026

Reddit, Inc. (RDDT:US) reported strong performance for Q1 FY2026, with revenue growth of 70% over the past two years and a gross margin exceeding 90%. The company remains profitable on a GAAP basis. CEO Steve Huffman emphasized the goal of reaching 100 million DAUs as a milestone towards 1 billion global DAUs. Management did not provide specific forward guidance but highlighted ongoing investments in machine learning and user experience improvements to drive growth. The stock could be influenced by Reddit's consistent revenue growth and strategic focus on user engagement and monetization.

Reported metrics

Guidance from management

Management did not provide specific numerical guidance but emphasized ongoing investments in machine learning and user experience to drive future growth.

What management said

Yes. It's maybe first-class problem. We are generating a lot of cash. Reddit is a very light business. And so it's a great cash flow business, which is not something I imagined hearing myself saying 10 years ago. But I'm actually really proud of the -- I kind of live in the users' product feeling side of this company most of the time. So seeing it be such a great business is, I think I'm very proud of that work. Ok...

Ads are coming. Right now, it's like product links. I think -- the reason I stutter is because I don't think the user cares, right? They say, when I search for a headphone, I see a link for a headphone, they're happy. And then the monetization of that for us grows over time or starts to develop over time.

What analysts pressed on

Analysts are concerned about the impact of macroeconomic uncertainty and AI disruptions on Reddit's business. Questions focused on how Reddit plans to maintain its growth trajectory amid these challenges.

Main topics on the call

• User Growth Strategy — Reddit aims to convert its 200 million U.S. weekly users into daily users, with a focus on improving onboarding and user experience. Huffman stated, 'Our job is to convert those 1s into 7s.'
• Revenue Growth — Reddit has achieved 70% revenue growth over the past two years. Huffman noted, 'We can very reliably turn users into revenue in a healthy way.'
• Machine Learning Investments — Reddit is investing heavily in machine learning to personalize user feeds, which is expected to be a major growth driver. Huffman mentioned, 'The biggest one will be machine learning and the feed.'
• AI and Data Licensing — Reddit's data is crucial for AI training, with partnerships with Google and OpenAI. Huffman stated, 'There is no LLM on Earth that wasn't significantly trained on Reddit's data.'

Read the full Reddit, Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 Reddit, Inc. earnings call transcripts on record, spanning May 7, 2024 to July 30, 2026. Based on this history, Reddit, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RDDT

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Interactive Media and Services

Calls on record

15

First call

May 7, 2024

Most recent

July 30, 2026

Reporting cadence

quarterly