Reddit shares plunged 29% after the company warned that weakening Google Search referrals could drive a low double-digit decline in daily users during Q4. Its revenue forecast missed expectations, overshadowing third-quarter results that beat estimates, with revenue up 53% year over year.
Back to Business
Business
October 30, 2026 at 5:05 PM
Reddit shares crash 29% after weak Q4 outlook, Google search traffic concerns; set for worst-ever 1-day fall
Livemint Markets
Excerpt from Livemint Markets.
