Reddit, Grab, and Big Oil Report Q1 2026 Earnings Exceeding Analyst Estimates

Reddit reported first-quarter 2026 earnings and revenue that exceeded analyst estimates, with revenue reaching $663 million against expectations of $611 million. The figure marked a 69% jump from $392 million in the first quarter of 2025. 01 per share, from $26 million, or 13 cents per share, a year earlier.

The company forecasted second-quarter 2026 sales between $715 million and $725 million, topping analyst projections of $712 million. Adjusted earnings for the period are expected to range from $285 million to $295 million, above the anticipated $276 million.

Steve Huffman, Reddit's co-founder and CEO, stated during an earnings call that the company has achieved seven consecutive quarters of revenue growth over 60% and record cash flow exceeding $300 million.

9 million. S. 5 million.

S. 53. The 'Other revenue' category, including data licensing, increased 15% year-over-year to $39 million.

Google and OpenAI rank among Reddit's biggest data licensing partners. Huffman stated that Reddit maintains important partnerships with Google and OpenAI that are meaningful to both sides. Huffman added that Reddit's capital expenditures remained low at $1 million in the first quarter of 2026, underscoring the advantage of its capital-light model.

U.S. users, with active strategies in place to achieve it. 1 million.

Deliveries revenue grew 23% to $510 million, and mobility revenue increased 19% to $337 million. The company has incorporated artificial-intelligence features into its superapp and bundled core ride-hailing, delivery, and financial services. Grab has promoted more affordable offerings, including a 'saver' option, in response to soaring oil and gas prices from the war in the Middle East.

About 35% of Grab's users are on the 'saver' program. Peter Oey, Grab's CFO, stated that the program provides a balance between price-sensitive and less price-sensitive customers and improves margins for the delivery business. In the energy sector, Exxon's first-quarter 2026 adjusted earnings exceeded analyst estimates, as higher oil prices offset lower production in the Middle East and Kazakhstan.

Chevron beat analyst expectations with its first-quarter 2026 net result, reporting a 4% rise in upstream earnings. 5 billion in buybacks. BP reported a sharp rebound in first-quarter 2026 earnings, with underlying replacement cost profit more than doubling from the previous quarter.

The company left its dividend and capital expenditure plans for 2026 unchanged. 5 billion in stock during the second quarter of 2026. 2 billion.

Oil and gas prices are soaring due to the war in the Middle East, contributing to a global oil supply shortfall of more than 10 million barrels daily.