Reddit (RDDT): FY26 Q2 earnings call, Jul 30, 2026
On its Jul 30, 2026 earnings call (FY26 Q2), Reddit said 7 of the 15 words Kalshi listed; Parrot’s count agreed with all 15 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
15 words · 7 settled yes · our count agreed on 15 of 15- Kalshi: company speakers + operator
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Traffic | Yes | 10 | 14 | ✓ | 90%n=3+tx from settlement history blended with transcripts | – |
| Shopify | Yes | 6 | 7 | ✓ | 47%n=1+tx from settlement history blended with transcripts | – |
| Game / Gaming | Yes | 2 | 2 | ✓ | 63%transcripts from the transcript model | – |
| Headwind | Yes | 2 | 4 | ✓ | 21%n=1+tx from settlement history blended with transcripts | – |
| Machine Translation | Yes | 1 | 1 | ✓ | 88%n=3+tx from settlement history blended with transcripts | – |
| Developer | Yes | 1 | 1 | ✓ | 76%n=2+tx from settlement history blended with transcripts | – |
| Tailwind | Yes | 1 | 1 | ✓ | 63%n=1+tx from settlement history blended with transcripts | – |
| Google 3+ times | No | 1 | 3 | ✓ | 55%transcripts from the transcript model | – |
| Reddit Pro | No | 0 | 0 | ✓ | 88%n=2+tx from settlement history blended with transcripts | – |
| Algorithm | No | 0 | 0 | ✓ | 63%n=3+tx from settlement history blended with transcripts | – |
| OpenAI / Open AI | No | 0 | 2 | ✓ | 58%n=3+tx from settlement history blended with transcripts | – |
| Smartly | No | 0 | 0 | ✓ | 42%n=3+tx from settlement history blended with transcripts | – |
| Passkey | No | 0 | 0 | ✓ | 40%transcripts from the transcript model | – |
| Renew / Renewed / Renewal | No | 0 | 1 | ✓ | 21%transcripts from the transcript model | – |
| TikTok | No | 0 | 0 | ✓ | 11%n=3+tx from settlement history blended with transcripts | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
9 matches for “Licensing”; 5 quoted, at least 25 words apart.
…been a lot of articles and press reports just about the data licensing partnerships that you currently have. Any updates on strategy as you approach…
…board there, and I think, again, a lot of headroom. On data licensing, no change in strategy. Working hard. Reddit's content is in demand, and…
…piece of that to follow up on Ron's question, do you see any world where you're not licensing data to Google and OpenAI next year?
…product. Driving that direct growth is in our control, and we're seeing some progress there. Is there a world in which we don't do licensing?
…not just licensing. Our relationship with them actually predates the formal data licensing agreement. Our long history in 10 blue links, and now the Reddit…
Where the listed words were said
…users coming from search. Search referrals were choppy in the quarter and traffic was more volatile later in the quarter. The bigger picture is unchanged.
Our Shopify integration became generally available in May, and more than 500 accounts are now integrated with strong activation rates and average revenue per advertiser.…
…support growth and engagement. Video and comments helps expand our upper funnel, and interactive games on our developer platform drives repeat usage and daily habit.
We did see headwinds in search referrals, particularly late in the quarter, and visibility with the referral traffic remains low. We're focused on what we…
…machine-translated content. This was part of the volatility on the international side. Machine translation remains a useful strategy within our app for new users, so…
…was 91.3%, up 50 basis points versus last year. We saw margin tailwinds from incremental revenues and hosting efficiency programs offsetting the increased use of…
Agents: this page as TSV at /api/v1/appearances/reddit:2026-07-30:earnings_call · words: /api/v1/brief?appearance=reddit:2026-07-30:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP