Reddit (RDDT) Operating Expenses (2023 - 2026)
Reddit (RDDT) posted quarterly Operating Expenses of $573.2 million for Q2 2026, up 32.71% year-over-year from $431.9 million in Q2 2025, and up 19.29% on a QoQ basis from $480.5 million in Q1 2026.
Reddit (RDDT) Operating Expenses (2023 - 2026) Analysis & Trends
Reddit has reported Operating Expenses for 4 years, with the latest figure at $573.2 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $573.2 million, up 32.71% year-over-year; the trailing twelve-month figure through Jun 2026 was $2.0 billion (up 29.75% YoY), and the FY2025 annual result was $1.8 billion, down 5.39% from the prior year.
- Operating Expenses climbed to $573.2 million in Q2 2026, from $480.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $832.2 million in Q1 2024 and troughed at $227.1 million in Q3 2023.
- A 4-year average of $401.4 million and a median of $381.6 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2024, when Operating Expenses soared 255.13%; it then plunged 53.32% in 2025.
- A 4-year view of Operating Expenses shows it stood at $246.7 million in 2023, then surged by 51.92% to $374.8 million in 2024, then soared by 31.73% to $493.8 million in 2025, then advanced by 16.08% to $573.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $573.2 million in Q2 2026, $480.5 million in Q1 2026, and $493.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,226.97 Bn | 3,797.93 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,534.26 Bn | 1,444.00 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 289.47 Bn | 284.98 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 102.75 Bn | 92.51 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 49.20 Bn | 39.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.47 Bn | 27.69 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Tencent Music Entertainment | 27.09 Bn | 24.39 Bn | 514.00 Mn | -176.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 573.19 Mn |
| Mar 31, 2026 | 480.50 Mn |
| Dec 31, 2025 | 493.78 Mn |
| Sep 30, 2025 | 446.37 Mn |
| Jun 30, 2025 | 431.92 Mn |
| Mar 31, 2025 | 388.46 Mn |
| Dec 31, 2024 | 374.84 Mn |
| Sep 30, 2024 | 341.50 Mn |
| Jun 30, 2024 | 312.22 Mn |
| Mar 31, 2024 | 832.22 Mn |
| Dec 31, 2023 | 246.74 Mn |
| Sep 30, 2023 | 227.09 Mn |
| Jun 30, 2023 | 236.02 Mn |
| Mar 31, 2023 | 234.34 Mn |