#RedditSharesPlunge30%

About RedditSharesPlunge30%

Reddit fell 29.22% Oct 30, its biggest one-day drop since listing. Q3 revenue rose 53% YoY to $895M, but global DAUs were flat QoQ at 130.3M, US DAUs fell 2% YoY, and the Q4 revenue guidance midpoint missed expectations. The CEO cited Google’s AI search as a possible driver of falling referrals, down over 1M per week on average in October. Reddit plans to test limits on logged-out access. Can it revive user growth and sustain ad revenue as AI search reshapes traffic?