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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“a lot of our employees are excited about Reddit because they've reduced average resolution times from 8.9 minutes to 1.4 minutes”
Reddit cut average resolution times from 8.9 minutes to 1.4 minutes using Salesforce agents, cited as a strong customer outcome.
“Enterprises like Cisco, Expedia, Reddit, and Synchrony Financial rely on Atlassian Corporation to power their most critical business processes and workflows.”
Atlassian names Reddit among marquee enterprise customers relying on its platform for critical workflows. Read-through is Reddit as an Atlassian customer.
“We continue to expand our differentiated offering through new data partnerships, including our recent deal with Reddit.”
ICE struck a data partnership with Reddit to offer real-time signals and sentiment scores integrated into its datasets. Read-through is Reddit monetizing its data via an ICE distribution partnership.
“we're utilizing AI with our new sentiment indicator data sets including Reddit, Dow Jones and [indiscernible] Polymarket, with Google and Meta AI models helping to process these data sets and identify patterns.”
ICE is licensing Reddit data as an input to new AI-processed sentiment-indicator data products.
“Companies like Cisco, DHL, and Reddit are turning to Atlassian to help solve their toughest team collaboration challenges, bridging the gap between their technology and business teams.”
Reddit is cited as an Atlassian customer using the platform to bridge collaboration between its technology and business teams.
“We signed new AWS agreements with companies including Intuit, PayPal, Norwegian Cruise Line Holdings, Northrop Grumman, The Guardian Life Insurance Company of America, Reddit, Japan Airlines, Baker Hughes, the Hertz Corporation, Resin Chime Financial, Asana, and many others.”
Reddit signed a new AWS cloud agreement in the quarter.
“we launched interactive ads to beta through our partnership with Paramount, to promote their movie Running Man”
Paramount partnered with Reddit as a launch advertiser for its new interactive ad format promoting the film Running Man, a Reddit-native marketing channel for Paramount.
“on the AI deals, really, our partnerships with Google and OpenAI I think we can see the growing importance of Reddit, Inc.”
OpenAI is a key AI data-licensing and product partner whose reliance on Reddit's Corpus is growing, per management.
“on the AI deals, really, our partnerships with Google and OpenAI I think we can see the growing importance of Reddit, Inc.”
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ron Josey | Citigroup | 9 (0%) |
| Rich Greenfield | LightShed Partners | 8 (38%) |
| Ben Black | Deutsche Bank |
Reddit's AI data-licensing relationship with Google is shifting from a business deal toward a product partnership, underscoring the value of Reddit's Corpus to Google's AI products.
“YouTube is #2 and Amazon is #4 and reflects how Reddit is where people start, not just where they end up.”
Reddit ranked as the #3 most visited U.S. site per Semrush, just ahead of Amazon at #4, a benchmark comparison of top U.S. web traffic.
“YouTube is #2 and Amazon is #4 and reflects how Reddit is where people start, not just where they end up.”
Reddit cited Semrush ranking it the #3 most visited U.S. site, with YouTube (Alphabet) at #2, a benchmark of top U.S. web traffic.
“Google is testing lots on our side. I think their product is evolving rapidly, and that affects everybody in the ecosystem.”
Google's rapidly evolving search and AI-mode products create puts and takes for Reddit traffic, showing Google's product changes ripple across the search ecosystem.
“any update on the Meta campaign import tool that was announced and launched maybe a month ago?”
Reddit built a tool to import advertiser campaigns from Meta to reduce onboarding friction, implicitly treating Meta as the incumbent ad platform advertisers already run on.
“We use Gemini for the translation.”
Reddit uses Google's Gemini model to power machine translation of its content, a supplier relationship, and Google sanctions the translated UGC in its search index.
“we do expect some bumps along the way from Google because we've already seen a few this year.”
Reddit expects continued search-traffic volatility from Google algorithm changes as the search ecosystem is rebuilt, keeping Google a key swing factor for Reddit referral traffic.
“you're seeing Facebook hit all-time highs. Both of those are open source.”
An analyst cited Facebook/Meta hitting all-time highs on its open-source AI strategy, framing open-source models as a competitive dynamic for content and AI.
“we entered into a partnership with Intercontinental Exchange to develop new data and analytics products for the financial industry.”
ICE partnered with Reddit to build data and analytics products for financial customers from Reddit conversations, opening a new content-licensing vertical for ICE.
“Late in Q4, we did experience some volatility from Google Search triggered by a periodic algorithm change but traffic from search has recovered so far in Q1 and we've regained momentum.”
Reddit's referral traffic is sensitive to Google Search algorithm changes; a late-Q4 change caused temporary volatility, underscoring how Google's search updates swing Reddit's logged-out traffic.
| Jason Helfstein | Oppenheimer | 5 (0%) |
| Tom Champion | Piper Sandler | 5 (0%) |
| Andy Boone | Citizens JMP Securities | 4 (0%) |
| Justin Post | Bank of America | 4 (0%) |
| John Colantuoni | Jefferies | 4 (0%) |
| Josh Beck | Raymond James | 3 (0%) |
| Brian Nowak | Morgan Stanley | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Citigroup | 1 | 9 (0%) |
| Deutsche Bank | 1 | 8 (0%) |
| LightShed Partners | 1 | 8 (38%) |
| Piper Sandler | 1 | 5 (0%) |
| Oppenheimer | 1 | 5 (0%) |
| Jefferies | 1 | 4 (0%) |
| Citizens JMP Securities | 1 | 4 (0%) |
| Bank of America | 1 | 4 (0%) |
Reddit capped a breakout year with fourth-quarter revenue up 70% to $726 million, its sixth consecutive quarter of 60%-plus growth, bringing full-year revenue to $2.2 billion, up 69%. Profitability hit new highs, with Q4 net income of $252 million (35% margin), adjusted EBITDA of $327 million (45% margin) and diluted EPS of $1.24, more than triple 2024. Advertising grew 75% to $690 million as lower-funnel revenue doubled and active advertisers rose over 75%, while weekly search reached 80 million users and Reddit launched its AI ad platform, Reddit Max. The company announced its first capital return, a $1 billion share repurchase program, and said it would phase out logged-in versus logged-out user reporting starting in Q3 2026. Reddit guided first-quarter 2026 revenue to $595 million to $605 million and flagged accelerated cost growth of 46% from marketing and hiring.
Subscriber Growth | Product Launch | Cloud & AI | Competitive Dynamics | Demand | Revenue Growth | Geographic Expansion | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 4 | 3 | 1 | 2 | 1 | |
| 2025Q1 | 4 | 5 | 1 | 3 | 4 | 1 | 1 | |
| 2025Q2 | 3 | 4 | 4 | 6 | 3 | 2 | 1 | |
| 2025Q3 | 5 | 6 | 4 | 2 | 2 | 4 | 1 | |
| 2025Q4 | 2 | 4 | 3 | 3 | 6 | 4 | 1 | |
| 2026Q1 | 9 | 3 | 4 | 2 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Subscriber Growth | 3 | 4 | 3 | 5 | 2 | 9 |
| Product Launch | 3 | 5 | 4 | 6 | 4 | 3 |
| Cloud & AI | 4 | 1 | 4 | 4 | 3 | 4 |
| Competitive Dynamics | 3 | 3 | 6 | 2 | 3 | 2 |
| Demand | 1 | 4 | 3 | 2 | 6 | 1 |
| Revenue Growth | 2 | 1 | 4 | 4 | 1 | |
| Geographic Expansion | 1 | 2 | 1 | |||
| Capex Investment | 1 | 1 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
RDDT Reddit, Inc. | 9 | +69.1% | |
| DASH DoorDash | 7 | +33.1% | |
| EVER EverQuote, Inc. | 8 | +14.5% | |
| GOOGL Alphabet Inc. | 9 | +21.8% | |
| META Meta Platforms, Inc. | 8 | +33.1% | |
| NBIS Nebius Group N.V. | 8 | +621.5% |