- Reddit beat Q2 2026 revenue and earnings estimates and guided next-quarter revenue above Street estimates.
- Management characterized search referrals as choppy, and the shares fell 11% in late trading.
- The selloff shows investors repricing traffic and monetization risk more heavily than the headline beat.
- Horizon Media reports its share of client digital ad spending on Reddit grew 20% to 25% annually over three years, per Jefferies agency calls.
- Simply Wall St reports a P/E of 33.7x for RDDT, above its fair ratio and industry peers, with shares at US$152.71.