Reddit (RDDT) Operating Expenses (2023 - 2026)
Reddit's (RDDT) quarterly Operating Expenses came in at $573.2 million in Q2 2026, up 32.71% year-over-year from $431.9 million in Q2 2025, and up 19.29% quarter-over-quarter from $480.5 million in Q1 2026.
Analysis
Reddit (RDDT) Operating Expenses (2023 - 2026) Analysis & Trends
Reddit (RDDT) has reported Operating Expenses for 4 consecutive years, with $573.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 32.71% year-over-year to $573.2 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 29.75% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, down 5.39% from the prior year.
- Operating Expenses was $573.2 million for Q2 2026 at Reddit, up 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.
- Across the five-year window, Operating Expenses jumped 255.13% in 2024 and sank 53.32% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at $246.7 million in 2023, then soared by 51.92% to $374.8 million in 2024, then jumped by 31.73% to $493.8 million in 2025, then rose by 16.08% to $573.2 million in 2026.
- The last three Operating Expenses figures came in at $573.2 million (Q2 2026), $480.5 million (Q1 2026), and $493.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,696.33 Bn | 1,606.07 Bn | 49.47 Bn | 42.03 Bn |
| 2 | 29.01 Bn | 26.23 Bn | 734.60 Mn | 573.19 Mn | |
| 3 | Bilibili | 12.48 Bn | 10.34 Bn | 433.97 Mn | -379.21 Mn |
| 4 | 10.51 Bn | 9.24 Bn | 922.30 Mn | 1.23 Bn | |
| 5 | Match | 9.93 Bn | 9.35 Bn | 648.84 Mn | 607.66 Mn |
| 6 | Snap | 9.56 Bn | 6.90 Bn | 931.11 Mn | 1.77 Bn |
| 7 | Rum | 5.38 Bn | 5.26 Bn | - | 111.15 Mn |
| 8 | Sound | 4.72 Bn | 4.61 Bn | - | - |
| 9 | Joyy | 4.14 Bn | 3.82 Bn | 201.60 Mn | -188.24 Mn |
| 10 | Grindr | 2.68 Bn | 2.67 Bn | 103.57 Mn | 105.64 Mn |
Historic Data
Download Data
Historic 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 |