Reddit, Inc. (NYSE:RDDT) is one of the Unstoppable Stocks to Buy in 2026.
On April 30, the company released financial results for the quarter ended March 31, 2026, with total revenue rising 69% YoY to $663 million, ad revenue increasing 74% YoY to $625 million, and other revenue rising 15% YoY to $39 million
The revenue growth was backed by a combination of both impressions and pricing growth. This demonstrates the scale of Reddit, Inc. (NYSE:RDDT)’s platform and its investments in the ad stack to offer strong outcomes. Notably, average revenue per user ARPU rose by 44% YoY to $5.23.
Reddit, Inc. (NYSE:RDDT)’s business remains capital-light, with capex at $1 million, equating to 0.2% of revenue. The company closed Q1 2026 with $2.8 billion in cash and investments and remains well placed to deploy capital throughout the 3 priorities, including investing in the core business, M&A, and repurchases. Reddit, Inc. (NYSE:RDDT) operates a digital community across the United States and globally.