RDDT Reddit (RDDT) Q2 FY25 earnings call
Reddit delivered a strong quarter, marked by accelerated revenue growth and record profitability, driven by its evolving ad platform and strategic focus on AI. The company is prioritizing core product improvements, search capabilities, and international expansion, while deprioritizing its user economy initiatives. Management highlighted Reddit's unique position as a source of human knowledge for AI models and its growing value proposition for advertisers.
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RDDT operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | This call Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Daily active uniques (DAUq) | 101.7MWe finished the year with 101.7 million DAUq, marking 39% growth year-over-year, led by strong international growth at 46%.Source: earnings call transcript | 108MWe ended the quarter with 401 million weeklies and 108 million dailies, both up 31% year-over-year, and we continue to scale efficiently while investing in the future.Source: earnings call transcript | 110MDaily active users grew to 110 million, up 21% year-over-year with growth in both the US and international markets.Source: earnings call transcript | 116MWe ended the quarter with 116 million DAUq and 444 million WAUq, both growing around 20% year-over-year.Source: earnings call transcript | 121M+In Q4 alone, we welcomed over 121 million daily active users to our platform, up 19% year-over-year and over 471 million weekly active users, up 24%.Source: earnings call transcript | 120M+And over the last 10 years, we've 10x that to over 120 million DAU.Source: earnings call transcript | — | — |
| Employees | 2,233We ended the year with 2,233 heads, up slightly more than 200 people net for the year.Source: earnings call transcript | 2,300+We ended the quarter with slightly more than 2,300 people, up 3% sequentially.Source: earnings call transcript | — | — | 2,555The company ended with 2,555 total headcount, up 14% versus last year and up about 3% sequentially from Q3, the same pace as the prior quarters.Source: earnings call transcript | — | — | — |
| Weekly active uniques (WAUq) | — | 401MWe ended the quarter with 401 million weeklies and 108 million dailies, both up 31% year-over-year, and we continue to scale efficiently while investing in the future.Source: earnings call transcript | — | 444MWe ended the quarter with 116 million DAUq and 444 million WAUq, both growing around 20% year-over-year.Source: earnings call transcript | 471M+In Q4 alone, we welcomed over 121 million daily active users to our platform, up 19% year-over-year and over 471 million weekly active users, up 24%.Source: earnings call transcript | <500MWe already have tremendous reach today with nearly 500 million weekly users globally and 200 million in the United States.Source: earnings call transcript | — | — |
| Average revenue per user (ARPU) | — | — | $4.53Average Revenue Per User, ARPU grew 47% year-over-year to $4.53, which is still low on an absolute basis and remains an opportunity.Source: earnings call transcript | $5.04Average revenue per user, ARPU, grew 41% year-over-year to $5.04, which is still low on an absolute basis and remains an opportunity.Source: earnings call transcript | $5.98Average revenue per user, or ARPU, grew 42% year-over-year to $5.98.Source: earnings call transcript | $5.23Average revenue per user ARPU grew 44% year-over-year to $5.23.Source: earnings call transcript | $6.18Average revenue per unique user grew 36% year-over-year to $6.18.Source: earnings call transcript | +18.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.