RDDT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-31

• Revenue for the three and six months ended June 30, 2026 increased by $305.3 million and $576.3 million, or 61% and 65%, respectively, compared to the prior year periods. The growth in revenue during the three and six month periods was due primarily to an increase in advertising revenue of $296.8 mi…

• Revenue in the United States for the three and six months ended June 30, 2026 increased by $229.3 million and $441.0 million, or 56% and 61%, respectively, compared to the prior year periods. Revenue in the rest of world for the three and six months ended June 30, 2026 increased by $76.0 million and…

• General and administrative expenses for the three and six months ended June 30, 2026 increased by $6.9 million and $3.0 million, or 10% and 2%, respectively, compared to the prior year periods. The increase in the three months ended June 30, 2026 was driven primarily by an increase in employee-relat…

• On July 1, 2025, we entered into an Amended and Restated Credit and Guarantee Agreement, which amended and restated our prior Credit and Guarantee Agreement dated October 8, 2021 (as amended on May 23, 2023), and provides for a five-year, $500.0 million, revolving loan and standby letter of credit f…

• We prepare our consolidated financial statements in accordance with U.S. GAAP. Preparing these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, and

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• 32% compared to the prior year period driven by higher advertiser demand and performance across the full funnel of ad objectives.

• Stock-based compensation expense and related taxes$78,848 $107,405

• Net cash provided by (used in) operating activities$312,253 $127,578

• Net cash provided by (used in) operating activities$312,253 $127,578

• Revenue for the three months ended March 31, 2026 increased by $271.1 million, or 69%, compared to the prior year period. The growth in revenue was due primarily to an increase in advertising revenue of $266.0 million, or 74%, as compared to the prior year period driven by an increase in impressions…

Text added vs the prior filing · source: 10-Q · 2026-07-31

• become more frequent users of our platform. For example, we have increased our investment in paid marketing and seen an increase in the proportion of users attributed to paid channels. Although these efforts increase our traffic in the near term, users acquired through paid marketing may not remain …

• content. Many of these companies have greater financial resources and substantially larger user bases than Reddit. Our competitors may draw users towards their products or services and away from ours. This could decrease the growth, engagement, or retention of Redditors, which, in turn, would negati…

• practices by advertisers, or to otherwise address Redditors’ concerns, which could erode confidence in our brand and damage our reputation. We expect that our ability to identify and respond to such content in a timely manner may decrease as the number of Redditors grows, as the amount of content on…

• financial condition in any given quarter can be influenced by numerous factors, many of which we are unable to predict or are outside of our control, including:

• We have limited operating history at our current scale, especially in international markets. There is no assurance that we will be able to continue scaling our business for future growth.

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• become more frequent users of our platform. We also rely on initiatives like machine translation to drive growth in international DAUq, and the growth derived from this strategy may slow as we complete the roll out of machine translation to all major global languages.

• Google, Meta, OpenAI, and Anthropic. Redditors may choose to find information using AI tools, which in some cases may have been trained using Reddit content, instead of visiting Reddit directly. While we have made, and expect to continue to make, significant investments to integrate AI, including ge…

• based on the appearance of illegal, illicit, or objectionable content on our platform or the failure to comply with applicable laws, rules, and regulations, could damage our brand and reputation, regardless of the outcome.

• We are in the early stages of monetizing our business and expanding our platform internationally, and there is no assurance that we will be able to scale our business for future growth.

• inventory, leaving us unable to deliver the advertising inventory requested and receiving less revenue than otherwise expected. This also could put upward pressure on advertising prices and potentially impact the return advertisers get on their spend, which in turn could affect future advertiser spe…

Text added vs the prior filing · source: 10-Q · 2026-07-31

• On May 12, 2026, our Chief Operating Officer, Jennifer Wong, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 780,000 shares of our Class A common stock. The trading plan will terminate at the earlier of the exec…

• On May 20, 2026, our Chief Executive Officer and Director, Steven Huffman, through a trust for which he is a trustee, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 600,000 shares of our Class A common stock. T…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• On March 3, 2026, our Chief Accounting Officer, Michelle Reynolds, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 11,523 shares of our Class A common stock. The actual number of shares subject to the Rule 10b5-…