Reddit plunges on slowing Q2 revenue and US daily user growth

Reddit

30/07/2026 21:45

** Shares of social media platform Reddit RDDT.N down 7% at $165 aftermarket trading
** Co reports slowing growth in both second-quarter revenue and its U.S. daily active unique visitors(DAUq)
** Growth in its U.S. DAUq slowed in the second quarter sequentially, even as global DAUq rose 18% from a year earlier to 130.3 million
** Forecasts Q3 revenue of $860 million to $870 million, above estimate of $829.1 million - data compiled by LSEG
** Sees quarterly adjusted earnings before interest, taxes, depreciation and amortization of $385 million to $395 million, above estimates of $369 million
** As of last close, stock down 22% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))