Reddit Posts $805 Million Q2 Revenue as Rigetti Logs $52.6 Million Net Loss
Updated
Updated · The Motley Fool · Aug 22
Reddit Posts $805 Million Q2 Revenue as Rigetti Logs $52.6 Million Net Loss
1 articles · Updated · The Motley Fool · Aug 22
Summary
Reddit reported Q2 revenue of $805 million, up 61% from a year earlier, with net income jumping 183% to $253 million.
That performance extended Reddit's streak to eight straight quarters of at least 60% growth, reinforcing a business still driven mainly by advertising and increasingly supported by AI data licensing.
Rigetti, by contrast, posted a $52.6 million Q2 net loss even as revenue rebounded to $5.1 million from $1.8 million a year earlier, underscoring the high-cost, early-stage nature of its quantum computing business.
The gap reflects sharply different risk profiles: Reddit generated $529.7 million in 2025 net income on $2.2 billion of revenue, while Rigetti lost $216.2 million on just $7.1 million and still depends heavily on government contracts.
Valuation also favors the social platform over the quantum developer, with Reddit at 13.1 times sales versus Rigetti at 443.1 times, making Reddit the more conservative pick for 2026.