Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reported by CNBC · cnbc.com · July 30, 2026
Reddit reported second-quarter earnings that beat on the top and the bottom, and gave a revenue forecast that topped estimates.
What the tape says
What to watch: RDDT (RDDT) beat estimates by roughly 11% — check whether the reaction already prices in the surprise before chasing it.
Market reaction today: $RDDT -0.38%
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