Reddit shares fell about 5% to $136.52 in morning trading as guidance for slower third-quarter 2026 revenue growth weighed on the stock ahead of its earnings report. Management guided third-quarter revenue to $860 million to $870 million, following second-quarter sales of $804.9 million, up 61.1% year over year. Reddit also said it will stop separately reporting logged-in and logged-out daily active users after weak U.S. logged-in user growth. Snap fell 3% to $6.16, while Meta rose 0.2% to $643.55. The article says advertising is the key test, with segment revenue of $762 million up 64% last quarter, and notes Reddit also licenses its data to AI developers.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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