Reddit is set to report its second-quarter 2025 earnings after the market closes today, with Wall Street closely watching how its daily active user numbers are performing. As one of the world’s largest online communities—boasting over 100,000 active communities and more than 108 million daily unique visitors—Reddit’s influence and reach remain significant in the social media landscape.

For this quarter, Reddit projects revenue between $410 million and $430 million, which represents an impressive year-over-year growth rate of 46% to 53%. The midpoint of this range would mark a 50% gain, underscoring strong momentum following the previous quarter’s 61% revenue surge. Analyst consensus estimates pin revenue at around $426 million, with earnings per share expected to land at $0.19.

Several key factors are driving Reddit’s growth story. The platform’s continuous investment in advertising technology appears to be paying off, especially with the broader adoption of advanced ad formats and AI-powered tools such as Reddit Answers and campaign automation. These innovations have likely helped improve monetization and engagement rates, particularly through increased use of conversion APIs, machine learning, and new ad placements such as ads-in-comments.

International expansion is also accelerating, with markets like France, Spain, and Brazil experiencing faster user growth and contributing more significantly to Reddit’s bottom line. However, challenges such as macroeconomic uncertainty and shifting privacy regulations, particularly in the European Union, pose ongoing risks by potentially dampening global ad spending and adding regulatory complexity.

Investors will be eager to see if Reddit can maintain its strong growth trajectory and continue to translate its active user base into higher revenue, despite competitive pressure and broader economic headwinds. The upcoming earnings call is expected to provide fresh insights into Reddit’s user engagement trends, advertising strategy, and long-term outlook.