Reddit (RDDT) reported third-quarter 2026 revenue of $895 million, up 53% year over year, while diluted EPS reached $1.40 and net income was $283 million, according to the company’s Oct. 29 results...

Reddit’s latest operating update was solid on the fundamental side. For the third quarter of 2026, the company reported revenue of $895 million, up 53% year over year, with net income of $283 million and diluted EPS of $1.40. Daily active uniques rose 12% to 130.3 million, weekly active uniques increased 16% to 515.2 million, and adjusted EBITDA came in at $402 million, or 45% of revenue, according to the company’s Oct. 29 release.

That kind of growth normally gives the stock a clean narrative, but the market has not rewarded it with a straight-line trend. RDDT shares are at $104.66, up 3.84% on the day, yet still sit below the 20-day moving average of $108.04 and the 50-day moving average of $134.43. The message is simple: the company is still growing fast, but price action says traders want confirmation before treating the earnings strength as a durable re-rating.

The short-term setup is mixed. RDDT is trading just above its 7-day moving average of $99.26 and above the pivot point at $103.66, which keeps the immediate rebound attempt alive. But the broader trend remains under pressure because the stock is below the 20-day, 26-day EMA at $114.13, and 50-day average.

Momentum is not yet decisive. 28 is neutral and still leaves room for either another rebound or renewed weakness.

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