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The Marked Chart Wire · Business
HotReddit
Reddit quarterly revenue growth has overtaken The Trade Desk for the first time, reversing years of trailing behind the ad-tech company.
Part of a series: Reddit shares fall after user miss and traffic concerns
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Analyst Ratings
Wall Street firms revised ratings and price targets for technology, AI, and crypto stocks. Amazon retained bullish support, while Intel, Reddit, and Coinbase saw downgrades and lower targets.
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 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.
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.
HotApple
Apple releases a rare Monday earnings report as investors assess how CEO John Ternus handles rising memory costs and softer consumer spending.
HotMicron
Investors are pricing in a potential downturn for Micron that recent financial data does not yet reflect, suggesting the stock may be cheap.
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