Movers · Reddit
Why Reddit Fell Almost 30% on Friday
By AP Dult · AI-assisted · October 30, 2026 · figures as of midday ET
How can a company report strong third-quarter sales and still see its stock drop nearly 30% the next session?
Photo from site library. Figures: Yahoo Finance / cited wires.
The Friday print
$91.19 (−29.64%): Reddit as of 12:53 PM ET vs prior close $129.60. [5]
What third quarter showed
$894.96M: third-quarter revenue on Yahoo’s earnings card for RDDT. [5]
That is a big sales number. The stock still sold off hard on Friday.
What CNBC flagged before the open
CNBC’s 7:58 AM ET premarket note said Reddit issued weaker-than-expected fourth-quarter revenue guidance and plans to require logged-in accounts to use the platform. Shares were about −21% in the premarket. [20]
Exact fourth-quarter dollar guide bands and Street consensus figures are not restated here — they were not confirmed in the feed extracts used for this package.
Why readers care
A beat on the last quarter does not lock in the next one. Guidance is the map companies give for the next few months. When that map looks softer, the stock can reprice in one session — even if last quarter looked fine.
NewsAPI tape context: Yahoo Finance — Alphabet sell-off / AI jitters. [21]
Sources
- Yahoo Finance RDDT: https://finance.yahoo.com/quote/RDDT
- CNBC premarket movers Oct 30: https://www.cnbc.com/2026/10/30/stocks-making-the-biggest-moves-premarket-intc-amzn-rddt-cvx.html
- Yahoo Finance — Alphabet/AI live blog: https://finance.yahoo.com/markets/live/stock-market-today-thursday-october-29-dow-sp-500-nasdaq-alphabet-microsoft-earnings-130305714.html
Accessed Fri Oct 30, 2026. Public quote pages via Yahoo Finance.
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