Reddit reports Q2 earnings on July 30
Reddit’s stock has dropped about 27% year to date.
The decline was partly due to a report that Reddit may restrict Google’s access to its platform content.
Reddit and Google have a $60 million-a-year licensing agreement, which is under 2% of Reddit’s trailing revenue.
The company’s revenue growth has sped up, with 61% year-over-year in Q1 2025 and 69% in the most recent quarter.