Reddit's U.S. Daily Users Dip for the First Time as AI Search Summaries Cut Traffic

Reddit's U.S. daily active users fell from 53.5 million in Q1 2026 to 53.2 million in Q2 — the first quarterly decline investors have seen. CEO Steve Huffman called search referrals "choppy." AI search summaries may answer people's questions without sending them to Reddit, reducing ad views from logged-out visitors. Worth flagging: one data point, not a trend — yet.