Daily Active Uniques
The quarterly average of identifiable unique users who visit a Reddit page or open a Reddit app during a 24-hour period.
Independent public-company research
Reddit’s reported metrics,
on one timeline.
Fourteen comparable quarters of audience, engagement, monetization, geography, profitability, and cash flow—linked to the SEC-hosted source for every period.
Coverage: Q1 2023–Q2 2026 · updated August 15, 2026 · See Oscylo’s scored forecasts →Market context / NYSE: RDDTSelected month-end closes since IPO
Jul 28, 2026$178.44+425% vs IPO
Market price is context, not an operating metric or investment recommendation.
Latest official quarter
Q2 2026.
- DAUq
- 130.3M +18% year over year
- WAUq
- 514.6M +24% year over year
- DAUq / WAUq
- 25.3% calculated stickiness
- Revenue
- $804.9M +61% year over year
- Global ARPU
- $6.18 +36% year over year
- Net income
- $253M 31.4% net margin
Adjusted EBITDA was $343 million with a 42.6% margin. Adjusted EBITDA is a non-GAAP measure; review Reddit’s reconciliation in the source filing.
14 comparable quarters
Audience, habit, monetization, and cash.
Each metric uses a full-width chart with exact values available on every mark. Switch to the recent eight-quarter view when the earlier history is not needed.
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| Quarter | DAUq | WAUq | Stickiness | Revenue | ARPU | Gross margin | Net income | Adj. EBITDA | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| Q1 '23 | 60.3M | 218.0M | 27.7% | $163.7M | $2.72 | 83.6% | −$60.9M | −$50.2M | $3.7M |
| Q2 '23 | 60.4M | 218.1M | 27.7% | $183.1M | $3.03 | 84.2% | −$41.1M | −$35.4M | −$54.9M |
| Q3 '23 | 66.0M | 239.1M | 27.6% | $207.5M | $3.14 | 87.3% | −$7.4M | −$6.9M | −$11.6M |
| Q4 '23 | 73.1M | 267.5M | 27.3% | $249.8M | $3.42 | 88.4% | $18.5M | $23.2M | −$22.0M |
| Q1 '24 | 82.7M | 306.2M | 27.0% | $243.0M | $2.94 | 88.6% | −$575.1M | $10.0M | $29.2M |
| Q2 '24 | 91.2M | 342.3M | 26.6% | $281.2M | $3.08 | 89.5% | −$10.1M | $39.5M | $27.2M |
| Q3 '24 | 97.2M | 365.4M | 26.6% | $348.4M | $3.58 | 90.1% | $29.9M | $94.1M | $70.3M |
| Q4 '24 | 101.7M | 379.4M | 26.8% | $427.7M | $4.21 | 92.6% | $71.0M | $154.3M | $89.2M |
| Q1 '25 | 108.1M | 401.3M | 26.9% | $392.4M | $3.63 | 90.5% | $26.2M | $115.3M | $126.6M |
| Q2 '25 | 110.4M | 416.4M | 26.5% | $499.6M | $4.53 | 90.8% | $89.0M | $167.0M | $111.0M |
| Q3 '25 | 116.0M | 443.8M | 26.1% | $585.0M | $5.04 | 91.0% | $163.0M | $236.0M | $183.0M |
| Q4 '25 | 121.4M | 471.6M | 25.7% | $725.6M | $5.98 | 91.9% | $252.0M | $327.0M | $264.0M |
| Q1 '26 | 126.8M | 493.1M | 25.7% | $663.4M | $5.23 | 91.5% | $204.0M | $266.0M | $311.0M |
| Q2 '26 | 130.3M | 514.6M | 25.3% | $804.9M | $6.18 | 91.3% | $253.0M | $343.0M | $261.0M |
Comparable quarterly history begins in Q1 2023, using the prior-year comparison tables in Reddit's 2024 SEC earnings exhibits. Reddit does not publish MAU in this quarterly key-operating-metrics table, so Oscylo does not infer or synthesize it. Q1 2024 net loss includes IPO-related stock-based compensation and associated taxes. Adjusted EBITDA and free cash flow are non-GAAP measures; use the filing reconciliations.
Audience and revenue composition
Growth is not evenly distributed.
Compare geography and login state across the same quarterly timeline. Reddit plans to stop reporting logged-in and logged-out DAUq beginning with Q3 2026.
Audience geographyInternational DAUq is now 59% of the total.
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Authentication mixLogged-out usage accounts for most incremental audience growth.
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Revenue geographyInternational monetization is growing from a much smaller base.
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Definitions
Know what the company is counting.
Weekly Active Uniques
The quarterly average of identifiable unique users who visit a Reddit page or open a Reddit app during a trailing seven-day period.
Weekly stickiness
Oscylo divides reported, unrounded DAUq by WAUq. It approximates how much of the weekly audience is present on an average day.
Average Revenue per Unique
Quarterly revenue in a geography divided by average DAUq in that geography. It connects audience scale with monetization.
Methodology watch
Reddit notes that technology or methodology changes—including automated-agent identification—can affect DAUq. Search-engine changes can also create quarterly volatility, especially among logged-out users. Oscylo preserves the company’s reported series and does not estimate a monthly active user series.
Primary-source archive
Check every filing.
Chart values come from SEC-hosted earnings exhibits, including the 2023 comparison columns. Forms 10-Q and 10-K are linked for GAAP statements and management discussion.
Earnings exhibits
Q1 '23Q1 2024 SEC exhibit · 2023 comparison ↗Q2 '23Q2 2024 SEC exhibit · 2023 comparison ↗Q3 '23Q3 2024 SEC exhibit · 2023 comparison ↗Q4 '23Q4 2024 SEC exhibit · 2023 comparison ↗Q1 '24Q1 2024 SEC earnings exhibit ↗Q2 '24Q2 2024 SEC earnings exhibit ↗Q3 '24Q3 2024 SEC earnings exhibit ↗Q4 '24Q4 2024 SEC earnings exhibit ↗Q1 '25Q1 2025 SEC earnings exhibit ↗Q2 '25Q2 2025 SEC earnings exhibit ↗Q3 '25Q3 2025 SEC earnings exhibit ↗Q4 '25Q4 2025 SEC earnings exhibit ↗Q1 '26Q1 2026 SEC earnings exhibit ↗Q2 '26Q2 2026 SEC earnings exhibit ↗
Periodic reports
Important disclaimer
Information, not advice.
This independent research is for general informational purposes. It is not investment, financial, legal, tax, or trading advice; not a recommendation; and not a substitute for original filings or professional advice. Historical results do not guarantee future performance. Oscylo is not affiliated with, endorsed by, sponsored by, or operated by Reddit, Inc.