RDDTReddit Inc Class A
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $1.40Beat
- vs $1.31 expected on Oct 29
- Stock move on it
- −29.22%
- one session
- Typical move
- ±25.1%
- average over 2 reports
- Price
- $99.51
- −5.82% today · $34.3B cap
Past and upcoming reports
2
| Oct 29, 2026 | Sep 30, 2026 | Time not given | $1.31 | Beat$1.40 | −29.22% |
| Jul 30, 2026 | Jun 30, 2026 | Time not given | $0.96 | Missed$0.45 | −20.99% |
After the report
Jul 30, 2026 report
This covers the Jul 30, 2026 report. The Oct 29, 2026 numbers are in the table above.
Reddit EPS Misses by 54.5%, Stock Plunges 21% on Search Traffic Warning
Reddit reported Q2 EPS of $0.45, missing the $0.99 consensus by -54.5%. The stock fell -20.99% on July 31 as management warned of search traffic erosion from AI tools, overshadowing strong revenue growth. The miss and cautious outlook reset near-term growth expectations, with the stock now trading at $140.67, well below the 50-day SMA of $174.74.
Reported against expected
MissedEPS of $0.45 missed consensus of $0.99 by -54.5% (a $0.54 miss).
Guidance
Management warned of search traffic erosion from AI tools, pressuring ad revenue growth and margin outlook.
How the stock reacted
Stock fell -20.99% on July 31, closing at $140.67, with volume of 29.1M shares (vs. average ~3-4M).
What changed
EPS miss of -54.5% and search traffic warning reset growth expectations.
What the price now assumes
20.99% drop reflects repricing of ad revenue growth and margin compression risk.
What it means for the business
Downgrade bias. wait for Google deal decision and Q3 ad revenue trajectory.
The next one to three months, as we saw it then
Better case25%
Google deal renews favorably and search traffic stabilizes, restoring ad revenue growth and driving multiple expansion.
Base case50%
Uncertainty around search traffic and Google deal keeps stock range-bound between $130-$160 as investors await clarity.
Worse case25%
Search traffic erosion accelerates, leading to Q3 revenue miss and further multiple compression.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.