RDDT News & Analysis
2 articles
Market Mood
Reddit (RDDT) Stock Drops 22% Amidst Earnings Report Disappointment
On July 31, 2026, Reddit (RDDT) stock fell over 22%, marking its largest intraday drop since going public. This decline occurred after the company's earnings report revealed no new artificial intelligence data licensing agreements, which investors had anticipated. Revenue reached $804.9 million, exceeding estimates of $731.8 million. However, US daily active users were reported at 53.2 million, missing expectations of 54 million. This matters for investors as it highlights the stock's volatility and the influence of user engagement metrics on market perceptions.
Read More: Reddit (RDDT) Stock Drops 22% Amidst Earnings Report Disappointment
Reddit (RDDT) Reports $663M Revenue, $1.01 EPS in Q1 2026
Reddit Inc (NYSE:RDDT) reported a revenue of $663 million for Q1 2026, reflecting a 69% year-over-year increase. The earnings per share reached $1.01, surpassing Wall Street estimates. The growth was significantly supported by a 74% surge in advertising revenue. Additionally, Reddit issued second-quarter revenue guidance above analyst expectations, indicating continued momentum in its financial performance.
Read More: Reddit (RDDT) Reports $663M Revenue, $1.01 EPS in Q1 2026