Reddit Q3 revenue and EPS beat, Q4 outlook below estimates; CEO warns DAUs could fall

Reddit reported Q3 revenue of $895M, beating the $878.4M estimate, and EPS of $1.40, beating the $1.35 estimate. Q4 revenue outlook of $1.00B-$1.03B came in below the $1.05B estimate. CEO Steve Huffman warned DAUs could fall by a low-double-digit percentage in Q4 as search traffic declined by over 1 million referrals per week in October. Reddit proposes forcing users to log in to block AI scraping, as Google's search changes slash site traffic.

Detected & updated continuously · Source: Nebula