Reddit generates revenue primarily from website advertising that organizes interest-based digital communities for user conversations. Snap earns revenue primarily from advertising and operates a camera app plus connected eyewear for visual communication via short videos and images. Reddit reported a 31% net income margin for the quarter ended March 31, 2026, while Snap posted a -6% net income margin for the same period. In Q1, Reddit revenue rose 69% year over year to $663.4 million, versus Snap sales up 12% to $1.5 billion. Reddit net income reached $204 million, up 680% year over year, while Snap’s net loss narrowed 36% year over year to $89 million.
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