StocksMedium•29 October 2026•
1 min read
Reddit Shares Tumble on Weak Guidance Despite Earnings Beat
Key Facts
1Reddit shares fell significantly after the company issued weak financial guidance for the upcoming period.
2The company's earnings results exceeded analyst estimates prior to the release of the disappointing guidance.
Reddit shares fell significantly after the company issued weak financial guidance for the upcoming period. Investing.com reported that the company's earnings results had exceeded analyst estimates prior to the release of the disappointing outlook.
Reddit closed at $134.7 on October 28, 2026, with the stock trading between a high of $138.16 and a low of $133.95 during the session. The sharp decline followed investor reaction to future revenue or growth projections that failed to meet market expectations despite strong past performance.