StocksMedium•5 November 2026•
1 min read
Reddit Shares Sink 8% on Weak Revenue Guidance and Google AI Search Concerns
Key Facts
1Reddit shares fell 8% after issuing fourth-quarter revenue guidance of $1.00 billion to $1.03 billion, missing analyst expectations.
2CEO Steve Huffman attributed the outlook to search traffic losses caused by AI features in Google Search.
Reddit shares fell 8% after the company issued fourth-quarter revenue guidance of $1.00 billion to $1.03 billion, missing analyst expectations according to TIKR.com. CEO Steve Huffman attributed the outlook to search traffic losses caused by AI features integrated into Alphabet Inc.’s Google Search.
RDDT closed at $101.89 on November 4, 2026, while GOOGL closed at $285.865 on November 5, 2026. Other technology peers also saw declines during the November 5, 2026 session, with META closing at $607.66 and MSFT ending at $542.41.