Reddit rises after saying it will report third-quarter results on October 29

What happened

Reddit (RDDT) rose 7.2% on October 15, 2026, after it said it would report third-quarter 2026 results after the close on October 29 and hold a conference call the same day. The stock opened 1.5% below the previous close and ended the session at $159.36, with trading volume 0.8 times its 20-day average. The S&P 500 rose 0.3% on the day.

How big was the move

The advance was a large, mostly company-specific move: the session change was 1.5 times a typical daily move for this stock and 5.1 percentage points better than the Communication Services sector median, which rose 2.1% on the day. Reddit’s market sensitivity is reflected in a beta of 2.36, which means the stock tends to move more than the market. Over the last five sessions the stock rose 1.8%, while the S&P 500 fell 0.3%.

The technical picture

On short-term technicals the stock was 4.9% above its 20-day moving average and 3.3% above its 50-day moving average at the close, while remaining 3.5% below its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend. The Relative Strength Index at 55 sits in a neutral range between 30 and 70, and the stock is 39.5% below its 52-week high.

Price performance beyond the session showed mixed time frames. The stock rose 1.1% over one month, fell 12.0% over three months and fell 18.8% over one year, leaving it 35.4 percentage points behind the S&P 500 for the year. Volatility was elevated, with a 60-day annualized reading of 79%, higher than 66% of its own readings over five years.

Fundamentals and valuation

For the four quarters through June 30, 2026, Reddit reported revenue of $2.78 billion, which grew 66.6% from a year earlier. Diluted earnings per share were $4.30, a rise of 264.4% from a year earlier, and gross margin was 91.4% compared with 91.0% a year earlier. Operating margin increased to 28.2% from 7.9% a year earlier, and free-cash-flow margin stood at 36.7%.

The company reported return on invested capital of 23.6% and a balance sheet showing net cash of $1.47 billion. Share count over one year increased by 8.0%. Valuation measures show a price to trailing earnings of 37.1 times trailing earnings and a price to forward earnings of 29.6 times expected earnings, with a free-cash-flow yield of 3.3%.

PromtFinance scores place Reddit high on Growth at 89 and Quality at 94, but weak on Value at 21 and Stability at 26, a contrast that highlights fast growth and strong margins amid an elevated valuation.

Earnings and analyst expectations

Reddit said it will release third-quarter 2026 financial results after market close on Thursday, October 29, 2026, and will hold a conference call at 1:30 p.m. PT / 4:30 p.m. ET the same day, with a live webcast and related materials available on Reddit’s site, according to Business Wire. The company posted its last report on July 30, 2026, when earnings per share were $1.25 against $0.95 expected, 31.7% above estimates.

Reddit has beaten estimates for three consecutive quarters, with an average surprise over the last four reports of 29.6% above estimates. Typical two-day reactions after recent reports have been muted, with the stock rising 0.5% on average.

Analysts’ consensus price target is $202.52, which is 27.1% above the closing price, based on 29 analysts with a consensus rating of Buy. Sixty-six percent of analysts assign a Buy or better rating.

What to watch

• October 29, 2026: Reddit will report third-quarter 2026 results after the close and host a conference call at 1:30 p.m. PT / 4:30 p.m. ET.
• Analysts: 29 analysts cover the stock; the consensus price target is $202.52, 27.1% above the closing price.
• Fundamentals: revenue for the four quarters through June 30, 2026, was $2.78 billion, up 66.6% year over year.
• Valuation: price to trailing earnings is 37.1 times trailing earnings and free-cash-flow yield is 3.3%.
• Technicals: the stock is 3.5% below its 200-day moving average and 39.5% below its 52-week high.