Pirat_Nation 🔴(@Pirat_Nation):Reddit stock got absolutely crushed, dropping 21.84% to $101.50 after its Q4 outlook disappointed investors. And this happened despite a pretty strong Q3: > Revenue hit $895 million, up 53% year-over-year. >Net income jumped 74% to $283 million. EPS reached $1.40, beating expectations of $1.33. Reddit says search referrals have been declining, partly due to Google’s AI-powered search changes. CEO Steve Huffman also warned that daily active users could fall by a low double-digit percentage in Q4 if the trend continues.

2026.10.30 10:01

Reddit stock got absolutely crushed, dropping 21.84% to $101.50 after its Q4 outlook disappointed investors. And this happened despite a pretty strong Q3: > Revenue hit $895 million, up 53% year-over-year. >Net income jumped 74% to $283 million. EPS reached $1.40, beating expectations of $1.33. Reddit says search referrals have been declining, partly due to Google’s AI-powered search changes. CEO Steve Huffman also warned that daily active users could fall by a low double-digit percentage in Q4 if the trend continues.