Is Reddit (RDDT) Stock a Buy Before Earnings Wednesday? Here’s What the Numbers Say
TLDR
- Reddit reports Q2 earnings on July 30 after market close
- Analysts expect 46.3% revenue growth to $731 million and GAAP EPS of $0.97
- Ad revenue jumped 74% in Q1 to $625 million; daily active users hit 126.8 million
- A standoff with Google over a $60 million data licensing deal is the key risk heading into earnings
- Wall Street has a Moderate Buy consensus with an average price target of $226.29, implying 26% upside
Reddit (RDDT) heads into its July 30 earnings report trading at $179.23, down 20% year-to-date after a sharp January selloff, though the stock is still up over 400% since its 2024 IPO.
Q2 results are due after the bell on Thursday. Analysts are calling for revenue of $731 million, representing 46.3% year-over-year growth, and GAAP earnings of $0.97 per share — more than double the $0.45 reported in Q2 2025.
Reddit beat those kinds of expectations in Q1, posting 69% revenue growth to $663.4 million. Net income came in at $204 million, with free cash flow of $311.2 million.
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