Reddit (RDDT) Expected to Post Quarterly Earnings on Thursday

Key Points

• Reddit is expected to report Q3 2026 results on October 29 after market close. Analysts forecast earnings of $1.33 per share on $874.78 million in revenue.
• Reddit’s prior quarter exceeded expectations, with EPS of $1.25 versus the $0.95 consensus and revenue of $804.91 million, up 61% year over year.
• The stock recently traded near $153.40, while analysts maintain a “Moderate Buy” consensus with an average price target of $219.29; insiders have sold approximately $49.8 million of shares over the past three months.

Reddit (NYSE:RDDT - Get Free Report) is projected to issue its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect Reddit to post earnings of $1.33 per share and revenue of $874.78 million for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings overview page 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 issued its earnings results on Thursday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.30. The company had revenue of $804.91 million during the quarter, compared to the consensus estimate of $731.00 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%. Reddit's quarterly revenue was up 61.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. 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 Trading Down 1.4%

NYSE:RDDT opened at $153.40 on Thursday. The firm has a market capitalization of $29.51 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 0.72 and a beta of 2.05. The stock has a 50 day moving average of $154.14 and a 200-day moving average of $162.05. Reddit has a 52 week low of $119.27 and a 52 week high of $263.50.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RDDT shares. Weiss Ratings reissued a "hold (c)" rating on shares of Reddit in a report on Wednesday, August 5th. Robert W. Baird set a $185.00 price objective on Reddit in a research note on Friday, July 31st. Wall Street Zen downgraded Reddit from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Guggenheim reaffirmed a "buy" rating on shares of Reddit in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company cut their target price on Reddit from $187.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $219.29.

Insider Activity at Reddit

In other Reddit news, CEO Steve Huffman sold 17,308 shares of Reddit stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $158.57, for a total transaction of $2,744,529.56. Following the sale, the chief executive officer owned 336,432 shares of the company's stock, valued at $53,348,022.24. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer L. Wong sold 60,000 shares of the business's stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $150.55, for a total value of $9,033,000.00. Following the transaction, the chief operating officer owned 1,012,226 shares of the company's stock, valued at $152,390,624.30. This trade represents a 5.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 306,052 shares of company stock worth $49,754,523 in the last three months. 28.48% of the stock is owned by company insiders.

About Reddit

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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