Reddit's Q2 2025 revenue crosses half a billion dollars

On July 31, 2025, Reddit reported second-quarter 2025 results, with quarterly revenue reaching $500 million for the first time, up 78% year over year and its fastest growth rate since 2022. GAAP net income climbed to about $89 million, an 18% margin, and adjusted EBITDA was roughly $167 million. Daily active uniques averaged 110.4 million, up 21%, while advertising revenue rose 84% to about $465 million.

The quarter extended Reddit's run of accelerating growth and profitability as a public company, with strength across advertising and data-licensing. Despite the strong beat, shares slipped in after-hours trading, reflecting investor concern about how much of Reddit's traffic depended on Google search and how AI-generated search summaries might affect future referrals.