Markets· August 17, 2026 at 03:20 p.m.
Reddit Joins S&P 500: Potential for Share Price Lift and Growth
Key takeaways
- Reddit to join S&P 500 on Aug. 18
- Stock's year-to-date performance is down 23%
- Revenue grew by 61% in Q2 2026
Social media company Reddit is set to join the S&P 500 index on Aug. 18, a move that signals its size, success, and profitability. This addition could potentially lead to new purchases of the stock, lifting its share price. Despite a lackluster year in 2026, with shares down 23% year-to-date and roughly 37% below their 52-week high, Reddit may have more room to rise higher in the near term due to its impressive revenue growth and strong profit margin. In its most recent quarter, ending June 2026, Reddit grew its revenue by 61%, totaling $805 million, and generated a profit of $253 million, which was 31% of its top line.
