Earnings$RDDT4:08 PM ETdeveloping · v7

Reddit beats Q3 estimates but warns of user decline, stock falls 18% after hours

By BORSA NewsroomPublished Oct 29, 2026, 4:08 PM EDTUpdated Oct 29, 2026, 4:11 PM EDT

Reddit beat Q3 revenue and EPS estimates but missed on daily active users (130.3M vs ~134M expected). Q4 guidance of $1B-$1.03B was below consensus. CEO cited Google AI Overviews hurting search traffic, with DAUq potentially falling low-double-digit % in Q4. Stock down 11-18% after hours.

Sentimentbearish 15

Strongly bearish · 15 of 100

Impact80

high · market-wide

Confidence95%

high confidence · 7 wires

Eventdeveloping

v7 · alerted as breaking

WHAT WE KNOW

Q3 revenue $895M, +53% YoY, above $875M consensus