Reddit NYSE: RDDT reported second-quarter revenue growth of 61% as advertising sales rose 64%, while executives said the company is prioritizing product improvements intended to convert more weekly visitors into daily, direct users amid volatility in search referrals.
RDDT tops Q2 earnings and revenue estimates as ad demand, pricing and user growth fuel monetization, with Q3 guidance pointing to continued momentum.
Reddit easily trumped Wall Street analysts' quarterly profit and revenue estimates. Investors are dropping the stock anyway.
Reddit (RDDT) stock is under immense pressure this morning, even though the forum social media platform reported an impressive Q2 and offered upbeat future guidance. Investors are bailing on RDDT not because of the quarterly print itself, but more due to concerns about the company's long-term traffic growth.
Reddit highlights AI opportunities, ad growth and product upgrades as it targets stronger user engagement and long-term growth.
Reddit is taking a cue from TikTok to bring viral stories to life through video. On Thursday's second-quarter earnings call, the company said it's been working on a new “video Reddit” experience that would not only allow users to watch videos from the platform, but also listen to posts in the background.
Reddit Inc (NYSE:RDDT) is near the bottom of the New York Stock Exchange (NYSE) today, last seen down 22.9% to trade at $137.27.
Reddit Inc (NYSE:RDDT) shares fell about 21% on Friday morning after management warned of volatility in search traffic and raised concerns among investors about potential pressure from artificial intelligence-powered search tools, despite reporting second quarter results that exceeded Wall Street expectations. The company reported Q2 revenue of $805 million, up 61% year-over-year and above analyst expectations of $730 million.
Shares of Nio (NYSE:NIO | NIO Price Prediction) are trading below $5, down 12% year to date and off 89% over five years.
Reddit (RDDT) beating Q2 expectations, and issued an upbeat Q3 forecast above consensus. Despite strong results, RDDT shares dropped nearly 9% premarket, with ongoing concerns about search traffic and Google data access.
Reddit, Inc. (RDDT) Q2 2026 Earnings Call Transcript
Reddit reported a strong second quarter but spooked investors by mentioning in an investor letter that traffic from search engines had grown “choppy.”