Reddit (NYSE:RDDT – Get Free Report) will likely be posting its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $874.82 million for the quarter. Interested persons may visit the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 29, 2026 at 4:30 PM ET.
Reddit (NYSE:RDDT – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. The company had revenue of $804.91 million for the quarter, compared to analyst estimates of $731.00 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%. The firm’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts expect Reddit to post $5.27 EPS for the current fiscal year and $6.94 EPS for the next fiscal year.
Reddit Stock Performance
Shares of RDDT opened at $138.65 on Tuesday. Reddit has a 52-week low of $119.27 and a 52-week high of $263.50. The stock’s 50-day simple moving average is $153.79 and its 200 day simple moving average is $163.36. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 0.67 and a beta of 2.05.
Key Reddit News
Here are the key news stories impacting Reddit this week:
- Positive Sentiment: Truist reiterated a Buy rating and a $275 price target ahead of earnings, citing confidence that Reddit’s advertising momentum can offset concerns about search-traffic dependence. Truist favors owning Reddit stock ahead of Q3 earnings
- Positive Sentiment: Reddit’s advertising revenue rose 64% in the second quarter, helped by AI-powered ad tools and user growth. The results support the bullish case that Reddit can continue narrowing the monetization gap with larger rivals such as Meta Platforms and Snap. RDDT Rides on Strong Demand in Ad Business
- Positive Sentiment: Investment commentary highlights Reddit’s strong FY 2025 profitability, including a 24.1% net margin and revenue growth near 70%, while engagement and improving monetization remain key long-term growth drivers. Reddit vs. Snap
- Neutral Sentiment: Wall Street’s estimates for third-quarter revenue, earnings and operating metrics will be closely watched. Investors are also looking for evidence that the Reddit Max subscription and other monetization initiatives can sustain growth. RDDT Q3 performance and Wall Street estimates
- Negative Sentiment: Investors are concerned that management’s slower third-quarter growth outlook could signal moderating momentum. The stock has also faced technical selling and broader weakness across social-media shares before earnings. Why Is Reddit Stock Falling on Monday?
Analysts Set New Price Targets
Several brokerages have recently weighed in on RDDT. Guggenheim reiterated a “buy” rating on shares of Reddit in a research report on Wednesday, September 16th. Evercore restated an “outperform” rating on shares of Reddit in a research report on Monday. UBS Group reaffirmed a “buy” rating on shares of Reddit in a research note on Friday, July 31st. Truist Financial upped their target price on shares of Reddit from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, KeyCorp assumed coverage on Reddit in a research note on Wednesday, July 29th. They issued an “overweight” rating and a $225.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and a consensus target price of $219.29.
Get Our Latest Stock Analysis on RDDT
Insider Activity
In other Reddit news, CEO Steve Huffman sold 18,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $178.16, for a total value of $3,206,880.00. Following the completion of the sale, the chief executive officer directly owned 373,814 shares in the company, valued at $66,598,702.24. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Sauerberg sold 5,128 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $159.92, for a total value of $820,069.76. Following the completion of the transaction, the director owned 27,087 shares of the company’s stock, valued at approximately $4,331,753.04. This trade represents a 15.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 306,052 shares of company stock valued at $49,754,523. Insiders own 28.48% of the company’s stock.
Reddit Company Profile
Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and activities. Members can submit text posts, links, images and videos, as well as comment on and vote on content. The platform includes thousands of communities, commonly known as subreddits, covering subjects such as news, entertainment, technology, sports, finance and lifestyle.
Reddit generates revenue primarily through digital advertising, offering advertisers access to audiences based on community interests and user engagement.
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