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The Marked Chart Wire · Business
Reddit reported third-quarter earnings of $1.40 per share, exceeding the $1.33 estimate. Revenue reached $894.96 million, slightly above expectations, while the company guided for next quarter revenue between $1 billion and $1.03 billion.
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Reddit is testing a requirement for logged-in access in Q4 2026 to boost ad revenue. Shares fell 13 percent after Q4 guidance missed estimates, despite Q3 revenue rising 53 percent to $895 million.
Reddit disclosed 130.3 million daily active users for the third quarter, missing the 133.53 million expected. The company noted that search referral traffic declined meaningfully during the period.
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