Reddit is strengthening its advertising position against Meta Platforms and Snap, driven by robust financial and user growth. In the second quarter of 2026, Reddit achieved its eighth consecutive quarter of more than 60% revenue growth, with advertising revenues rising 64% year over year to $762 million. The platform now reaches more than 0.5 billion people weekly, including more than 130 million daily users, and new app user retention improved 50% year over year. Reddit's AI-driven ad suite, Reddit Max, saw advertiser usage grow more than 60% from the first quarter, with revenues from Max campaigns increasing by more than 150%. For the third quarter of 2026, management expects revenues between $860 million and $870 million, representing 47% to 49% year-over-year growth.
Meta Platforms Inc.Reddit's strong ad growth and AI ad suite intensify competition for Meta.
Snap IncReddit's ad platform growth poses competitive pressure on Snap.
Reddit, Inc.Reddit reports 64% ad revenue growth and strong user metrics, indicating robust advertiser demand.
