Reddit reported strong Q3 2026 earnings with revenue up 53% and net income rising 74%, beating analyst expectations. However, its stock fell 25% as CEO Steve Huffman warned that Google's AI-powered search is reducing Reddit's referral traffic, potentially shrinking its daily active users in Q4. Reddit plans to shift toward a logged-in user model to boost engagement and ad revenue, but this may reduce casual visitor reach. Investors remain cautious as the company tests this new strategy amid a broader AI impact on search and advertising.
Reddit's stock dropped sharply by 24.26% to USD 98.23 on Pluang as of Oct 30, 2026 21:01 WIB, reflecting investor caution despite its earnings beat. Snap and Pinterest also declined, with Snap down 5.63% at USD 5.36 and Pinterest falling 4.92% to USD 18.93. Meta's shares dipped slightly by 0.59% to USD 620.86, showing a more modest reaction in the media sector on Pluang.
Block & Leviton LLP is investigating Reddit for potential securities violations after the company disclosed a significant drop in search referral traffic and warned of a possible double-digit decline in daily users for Q4 2026. Reddit also issued rev...
Reddit's CEO Steve Huffman revealed a significant drop in search referral traffic, losing over 1 million weekly visits due to Google's AI search features. To counter this, Reddit plans to test a logged-in-only experience in select non-U.S. markets in...
Binance reported a $6.3 billion security breach, freezing about $3 billion in assets and suspending withdrawals temporarily while investigating. Intel's Q4 revenue and profit guidance fell short due to a PC market slowdown, causing its shares to drop...
Reddit's stock dropped 5% before its Q3 2026 earnings report due to worries about slowing U.S. user growth, contributing to a 44% year-to-date loss. The company forecasts slower revenue growth for Q3 compared to Q2, with international user growth out...
Reddit's stock dropped 5% as investors reacted to its guidance for slower revenue growth in Q3 2026, signaling concerns about sustaining its rapid gains. Snap's stock also fell 3%, while Meta Platforms held steady with a slight increase, reflecting i...
