Reddit (RDDT) falls 25% after results as Q4 guidance comes in below estimates
FROM THE WIRE · FINANCE.YAHOO.COM
What happened? Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 25.2% in the morning session after the company reported third-quarter 2026 financial results and issued fourth-quarter guidance that fell below Wall Street's estimates. According to a…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA 25% drop in a major tech stock shows the market punishes weak forward guidance even when quarterly results beat estimates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Reddit reported third-quarter 2026 revenue of $895 million, up 53% year on year.
- 02Diluted earnings per share were $1.40, above the $1.33 consensus estimate.
- 03Fourth-quarter revenue guidance is between $1.00 billion and $1.03 billion.
- 04Adjusted EBITDA guidance is between $480 million and $510 million, below investor expectations.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets