Q3 25 EPS
$0.80
BEAT +53.79%
Est. $0.52
Q3 25 Revenue
$584.9M
BEAT +6.44%
Est. $549.5M
vs S&P Since Q3 25
-27.9%
TRAILING MARKET
RDDT -22.3% vs S&P +5.7%
Market Reaction
Did RDDT Beat Earnings? Q3 2025 Results
Reddit delivered a blowout third quarter, posting revenue of $584.91 million, up 67.9% year-over-year and ahead of the $549.53 million consensus, while earnings per share of $0.80 beat estimates of $0.52 by 53.79%, underscoring how quickly the platfo… Read more Reddit delivered a blowout third quarter, posting revenue of $584.91 million, up 67.9% year-over-year and ahead of the $549.53 million consensus, while earnings per share of $0.80 beat estimates of $0.52 by 53.79%, underscoring how quickly the platform's financial model is scaling. The primary engine behind the beat was advertising, which grew 74% year-over-year to $549 million, fueled by broad strength across verticals, geographies, and channels, with more than half of Reddit's top-15 industry verticals expanding over 50% year-over-year. Improved ad automation and ML-powered optimization also lifted lower-funnel conversion performance by more than 20%, giving marketers measurable returns that are drawing deeper budget commitments. Coverage of the quarter highlights how the company also reached a 40.3% adjusted EBITDA margin, a milestone Reddit had flagged at its IPO. Daily Active Uniques rose 19% to 116 million, with international users growing at a notably faster clip. Looking ahead, Reddit guided Q4 revenue of $655 million to $665 million with adjusted EBITDA of $275 million to $285 million, pointing to continued momentum as international expansion and monetization efforts deepen.
Key Takeaways
- • Advertising revenue growth driven by year-over-year growth in both impressions and pricing
- • More than half of top-15 industry verticals grew over 50% year-over-year
- • DAUq grew 19% year-over-year to 116.0 million
- • ARPU expanded 41% year-over-year to $5.04
- • U.S. ARPU grew 54% year-over-year to $9.04
- • International DAUq grew 31% year-over-year driven by machine translation and marketing
- • Revenue grew 1.8 times as fast as total adjusted costs and expenses year-over-year
- • Over 50% incremental Adjusted EBITDA margin for ninth consecutive quarter
RDDT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RDDT Revenue by Segment
With YoY comparisons, source: SEC Filings
RDDT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Reddit provides something rare on the Internet. 444 million people come here each week for authentic conversations they can't find anywhere else, and increasingly, for engagement with brands, institutions and publishers.”
— Steve Huffman, Q3 2025 Earnings Press Release
RDDT Earnings Trends
RDDT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RDDT EPS Trend
Earnings per share: estimate vs actual
RDDT Revenue Trend
Quarterly revenue: estimate vs actual
RDDT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.01 | — | $663.4M | +8.79% |
| Q4 25 MISS FY | $1.45 | $1.24 | -14.48% | $725.6M | +8.59% |
| FY Full Year | $2.33 | $2.62 | +12.53% | $2.20B | +2.67% |
| Q3 25 BEAT | $0.52 | $0.80 | +53.79% | $584.9M | +6.44% |
| Q2 25 BEAT | $0.19 | $0.45 | +138.35% | $499.6M | +17.29% |
| Q1 25 BEAT | $0.01 | $0.13 | +870.15% | $392.4M | +6.14% |