$RDDT Beats Q2 Estimates and Raises Q3 Outlook

Reddit reported stronger-than-expected Q2 results across every major metric:
Revenue: $805 million vs. $731 million estimated
EPS: $1.25 vs. $0.96 estimated
Adjusted EBITDA: $343 million vs. $298 million estimated
Daily active users: 130.3 million , up 18% YoY
For Q3, $RDDT expects revenue of $865 million and adjusted EBITDA of $390 million , both above consensus estimates.
Reddit says it has surpassed $1 million in revenue per employee while sustaining eight consecutive quarters of 60%+ growth , demonstrating the strength and scalability of its community-driven model.