Reddit 10-Q Details Q3: $895M Revenue, $283M Net Income, U.S. DAUq Down 2%
RDDT is trading near its 52-week low of $119.27 (15% below the low) on elevated volume (3.2× avg).
Summary
Reddit's Q3 10-Q confirms $895.0 million of revenue (+53%) and $283.3 million of net income, backed by $3.0 billion in cash and securities, while disclosing a 2% year-over-year decline in U.S. daily active users and $1.46 billion of new cloud commitments through 2029.
Key Events · Earnings and Guidance · RDDT
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Q3 Revenue Up 53% to $895M
Revenue was $894,957 thousand for the three months ended September 30, 2026, up 53% from $584,911 thousand, with advertising revenue of $846,996 thousand.
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Net Income $283M, EPS $1.40
Net income was $283,264 thousand versus $162,663 thousand a year earlier; diluted EPS was $1.40 versus $0.80, and nine-month net income reached $740,093 thousand.
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U.S. DAUq Falls 2% Year-Over-Year
Global DAUq grew 12% to 130.3 million on 24% rest-of-world growth, but U.S. DAUq declined 2% year-over-year and 5% sequentially, which the filing attributes in part to third-party search engine changes.
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$3.0B Cash; $934M Nine-Month Free Cash Flow
Cash, cash equivalents and marketable securities totaled $3.0 billion at September 30, 2026; free cash flow was $362,568 thousand for Q3 and $934,473 thousand for the nine months.
Analysis · RDDT · Technology
The headline numbers were already out on October 29, but the full 10-Q fills in what the press release did not: $3.0 billion of cash and marketable securities, $934.5 million of nine-month free cash flow, and $340.0 million of buybacks that leave $660.0 million authorized. The offsetting fact is user growth: U.S. DAUq fell 2% year-over-year and 5% sequentially, with management attributing the pressure to third-party search engine changes, and the company is now committing $1.46 billion to AWS and Google cloud through 2029 while planning login-required experiments starting in Q4 2026. Revenue growth of 53% and a 32% net margin are strong, but the domestic user decline and the search-referral risk are what will drive the stock.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RDDT was trading at $100.80 on NYSE in the Technology sector, with a market capitalization of approximately $24.9B. The 52-week trading range was $119.27 to $263.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.