Reddit’s Q2 revenue beats estimates at $805M
Reddit’s stock plummeted 23% to $136.32 despite beating Q2 estimates with $805M revenue. The company’s EPS came in at $1.25 versus $0.95 expected.
Reddit’s warning about Google search referrals turning ‘choppy’ drove the sell-off. Alphabet, on the other hand, gained 6% to $352.45.
Meta Platforms and Snap stocks were relatively flat, with Meta up less than 1% to $543.84 and Snap down 2% to $4.60. Reddit’s Q3 2026 revenue guidance was $860 million to $870 million.