Reddit Q1 revenue jumps 69% to $663m, and shares rally 9%
The social platform beat Wall Street estimates across every line, raised Q2 guidance above consensus, and reported $1m in capital expenditure, a striking contrast to the hyperscaler capex arms race. Reddit reported first-quarter 2026 revenue of $663 million, up 69% year on year and 8.5% above the $611 million Wall Street consensus, in earnings released […] This story continues at The Next Web
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