Analyst Consensus ?
ConsensusBuy29 ratings
Bullish1862.1%
Neutral1137.9%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Reddit, Inc. · RDDT · FY2025 Q4 · Calendar Q1 2026
Reddit’s FY2025 close: ad momentum meets execution tests
The supplied analysis supports the case that Reddit’s advertising expansion, user growth, and AI-enabled products can sustain growth, while monetization quality and execution remain important tests.
Reported After market closeNYSECommunication Services
$17.64B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.24
Consensus $0.94
EPS surprise
+32.3%
Reported versus consensus
Reported revenue
$725.6M
Consensus $665.9M
Revenue surprise
+9.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-7.4%
Event window
SPY move
+1.9%
Same window
Abnormal move
-9.3%
Stock minus SPY
Volume
4.1×
Versus trailing sessions
Subsequent drift
-0.7%
Up to 20 sessions
RDDTSPY benchmark
Ask FN2 about RDDT FY2025 Q4
Transcript, numbers and history already loaded
Why did RDDT fall 7.4% after beating EPS estimates in FY2025 Q4?What changed in RDDT's guidance and outlook in FY2025 Q4?Give me the bull and bear case for RDDT after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The FY2025 Q4 analysis describes continued strong revenue and profit growth, rising ad revenue, and accelerating user growth. Unlike the prior-quarter analysis, which characterized guidance as raised, this call’s guidance sentiment is classified as maintained.
Guidance delta
The analysis characterizes guidance sentiment as maintained and says the 2026 outlook expects revenue growth above 50% with continued margin expansion; it does not describe a new increase to that outlook.
Key takeaways
- Advertising remains the principal growth engine, with performance formats and machine-learning optimization highlighted.
- The analysis reports 121 million daily active users and strong international adoption.
- Reddit Answers and Reddit Max are positioned as product and advertiser growth initiatives.
- Execution questions remain around onboarding, logged-out user monetization, pricing, and advertiser adoption.
Management priorities
- Invest in AI/ML to improve feed relevance and personalization.
- Expand Reddit Answers with media-rich responses and additional languages.
- Broaden Reddit Max automation and full-funnel advertising capabilities.
- Develop verified profiles and partnerships; explore opportunistic M&A.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$90.97Current
$54Low
$196.19Average
$325High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 30, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Oct 30, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 30, 2026 |
| Needham | Buy | Buy | Maintain | Oct 30, 2026 |
| Keybanc | Overweight | Downgrade | Oct 30, 2026 | |
| JP Morgan | Neutral | Neutral | Maintain | Oct 30, 2026 |
| Guggenheim | Buy | Buy | Maintain | Oct 30, 2026 |
| Citizens | Market Perform | Market Outperform | Downgrade | Oct 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 30, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Oct 30, 2026 |
| B. Riley Securities | Buy | Buy | Maintain | Oct 30, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 18, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 21, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 31, 2026 |
| Loop Capital | Buy | Buy | Maintain | Jun 4, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 1, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 14, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 2, 2026 |
| Jefferies | Buy | Buy | Maintain | Mar 10, 2026 |
| Roth Capital | Neutral | Neutral | Maintain | Jan 30, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Oct 31, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 20, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 3, 2025 |
| Baird | Neutral | Neutral | Maintain | Sep 25, 2025 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 22, 2025 |
| Seaport Global | Buy | Neutral | Upgrade | May 5, 2025 |
| Roth MKM | Neutral | Neutral | Maintain | May 2, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Mar 28, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | May 17, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $90.97. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Mark Shmulik | $120 | $90.71 | +31.9% | Oct 30, 2026 |
| Cantor Fitzgerald | Deepak Mathivanan | $120 | $91.6 | +31.9% | Oct 30, 2026 |
| Guggenheim | Michael Morris | $170 | $129.7 | +86.9% | Oct 30, 2026 |
| Needham | Laura Martin | $150 | $129.7 | +64.9% | Oct 30, 2026 |
| BNP Paribas | Nick Jones | $180 | $150.9 | +97.9% | Sep 18, 2026 |
| D.A. Davidson | Wyatt Swanson | $185 | $152.89 | +103.4% | Sep 18, 2026 |
| Morgan Stanley | Brian Nowak | $210 | $153.57 | +130.8% | Aug 21, 2026 |
| Raymond James | Josh Beck | $205 | $177.97 | +125.3% | Aug 17, 2026 |
| Roth Capital | Rohit Kulkarni | $145 | $140.67 | +59.4% | Aug 3, 2026 |
| Deutsche Bank | Analyst unavailable | $200 | $140.47 | +119.9% | Jul 31, 2026 |
| Wedbush | Analyst unavailable | $221 | $141.07 | +142.9% | Jul 31, 2026 |
| Oppenheimer | Analyst unavailable | $200 | $136.81 | +119.9% | Jul 31, 2026 |
| Robert W. Baird | Colin Sebastian | $185 | $140.73 | +103.4% | Jul 31, 2026 |
| Piper Sandler | Analyst unavailable | $195 | $178.07 | +114.4% | Jul 31, 2026 |
| Wells Fargo | Analyst unavailable | $142 | $178.07 | +56.1% | Jul 31, 2026 |
| Evercore ISI | Mark Mahaney | $265 | $178.07 | +191.3% | Jul 31, 2026 |
| Telsey Advisory | Analyst unavailable | $240 | $178.07 | +163.8% | Jul 31, 2026 |
| Bernstein | Mark Shmulik | $180 | $178.07 | +97.9% | Jul 31, 2026 |
| KeyBanc | Analyst unavailable | $225 | $178.38 | +147.3% | Jul 29, 2026 |
| Cantor Fitzgerald | Deepak Mathivanan | $200 | $183.34 | +119.9% | Jul 20, 2026 |
| Jefferies | Analyst unavailable | $250 | $197.13 | +174.8% | Jul 10, 2026 |
| Piper Sandler | Thomas Champion | $215 | $197.38 | +136.3% | Jul 9, 2026 |
| Wells Fargo | Alec Brondolo | $187 | $200.66 | +105.6% | Jul 7, 2026 |
| B.Riley Financial | Naved Khan | $250 | $170.72 | +174.8% | Jun 23, 2026 |
| Goldman Sachs | Eric Sheridan | $200 | $162.18 | +119.9% | May 1, 2026 |
| Truist Financial | Youssef Squali | $265 | $162.59 | +191.3% | May 1, 2026 |
| Raymond James | Analyst unavailable | $180 | $161.12 | +97.9% | May 1, 2026 |
| Oppenheimer | Jason Helfstein | $225 | $158.27 | +147.3% | May 1, 2026 |
| Raymond James | Josh Beck | $225 | $147.4 | +147.3% | May 1, 2026 |
| Wells Fargo | Analyst unavailable | $176 | $147.4 | +93.5% | May 1, 2026 |
| Redburn Partners | Analyst unavailable | $110 | $154.84 | +20.9% | Apr 27, 2026 |
| D.A. Davidson | Analyst unavailable | $200 | $166.3 | +119.9% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $196 | $139.9 | +115.5% | Feb 9, 2026 |
| Robert W. Baird | Analyst unavailable | $200 | $148.36 | +119.9% | Feb 6, 2026 |
| Truist Financial | Youssef Squali | $275 | $151.36 | +202.3% | Feb 6, 2026 |
| Goldman Sachs | Analyst unavailable | $206 | $147.39 | +126.4% | Feb 6, 2026 |
| Evercore ISI | Mark Mahaney | $290 | $147.9 | +218.8% | Feb 6, 2026 |
| Oppenheimer | Jason Helfstein | $250 | $151.08 | +174.8% | Feb 6, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $170 | $151.08 | +86.9% | Feb 6, 2026 |
| Guggenheim | Analyst unavailable | $255 | $162 | +180.3% | Feb 6, 2026 |
| Piper Sandler | Thomas Champion | $205 | $151.08 | +125.3% | Feb 6, 2026 |
| Morgan Stanley | Analyst unavailable | $240 | $151.08 | +163.8% | Feb 6, 2026 |
| Roth Capital | Rohit Kulkarni | $215 | $190.05 | +136.3% | Jan 30, 2026 |
| Deutsche Bank | Benjamin Black | $285 | $231.01 | +213.3% | Jan 20, 2026 |
| UBS | Analyst unavailable | $265 | $253.46 | +191.3% | Jan 13, 2026 |
| Evercore ISI | Analyst unavailable | $320 | $244.02 | +251.8% | Jan 12, 2026 |
| Wells Fargo | Ken Gawrelski | $207 | $244.56 | +127.5% | Jan 12, 2026 |
| Argus Research | Analyst unavailable | $300 | $250.84 | +229.8% | Jan 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $240 | $255.37 | +163.8% | Jan 8, 2026 |
| Jefferies | John Colantuoni | $325 | $229.9 | +257.3% | Dec 11, 2025 |
| Seaport Global | Analyst unavailable | $280 | $221.15 | +207.8% | Oct 31, 2025 |
| Roth Capital | Rohit Kulkarni | $210 | $194.42 | +130.8% | Oct 31, 2025 |
| Bernstein | Analyst unavailable | $210 | $194.42 | +130.8% | Oct 31, 2025 |
| Truist Financial | Youssef Squali | $270 | $219.86 | +196.8% | Oct 31, 2025 |
| Morgan Stanley | Brian Nowak | $250 | $194.42 | +174.8% | Oct 31, 2025 |
| Roth Capital | Analyst unavailable | $185 | $200.98 | +103.4% | Oct 23, 2025 |
| Bernstein | Mark Shmulik | $190 | $197.05 | +108.9% | Oct 23, 2025 |
| Raymond James | Josh Beck | $250 | $194.95 | +174.8% | Oct 20, 2025 |
| Truist Financial | Analyst unavailable | $260 | $196.35 | +185.8% | Oct 15, 2025 |
| Goldman Sachs | Analyst unavailable | $236 | $196.35 | +159.4% | Oct 14, 2025 |
| Wells Fargo | Analyst unavailable | $174 | $203.63 | +91.3% | Oct 7, 2025 |
| Robert W. Baird | Colin Sebastian | $240 | $235.69 | +163.8% | Sep 25, 2025 |
| Piper Sandler | Analyst unavailable | $290 | $278.44 | +218.8% | Sep 18, 2025 |
| JMP Securities | Andrew Boone | $300 | $270.71 | +229.8% | Sep 18, 2025 |
| Jefferies | Analyst unavailable | $300 | $259.03 | +229.8% | Sep 10, 2025 |
| Goldman Sachs | Eric Sheridan | $212 | $160.59 | +133.0% | Aug 1, 2025 |
| Wells Fargo | Analyst unavailable | $118 | $152.23 | +29.7% | Jul 1, 2025 |
| RBC Capital | Brad Erickson | $125 | $141.68 | +37.4% | Jun 25, 2025 |
| Wells Fargo | Ken Gawrelski | $115 | $107.99 | +26.4% | May 19, 2025 |
| Robert W. Baird | Colin Sebastian | $140 | $116.33 | +53.9% | May 5, 2025 |
| Seaport Global | Aaron Kessler | $165 | $116.33 | +81.4% | May 5, 2025 |
| Needham | Laura Martin | $145 | $113.83 | +59.4% | May 2, 2025 |
| JMP Securities | Andrew Boone | $155 | $111.98 | +70.4% | Mar 28, 2025 |
| Redburn Partners | Analyst unavailable | $75 | $125.56 | -17.6% | Mar 17, 2025 |
| Loop Capital Markets | Analyst unavailable | $210 | $122.73 | +130.8% | Mar 11, 2025 |
| Needham | Laura Martin | $220 | $199.6 | +141.8% | Feb 13, 2025 |
| Piper Sandler | Thomas Champion | $197 | $172.32 | +116.6% | Jan 14, 2025 |
| Needham | Laura Martin | $190 | $165.92 | +108.9% | Dec 11, 2024 |
| Morgan Stanley | Brian Nowak | $200 | $162.76 | +119.9% | Dec 9, 2024 |
| Loop Capital Markets | Alan Gould | $180 | $137.5 | +97.9% | Dec 2, 2024 |
| Needham | Laura Martin | $120 | $113.76 | +31.9% | Oct 30, 2024 |
| Roth Capital | Rohit Kulkarni | $116 | $109.65 | +27.5% | Oct 30, 2024 |
| B.Riley Financial | Naved Khan | $112 | $110.13 | +23.1% | Oct 30, 2024 |
| Loop Capital Markets | Alan Gould | $120 | $109.81 | +31.9% | Oct 30, 2024 |
| Piper Sandler | Thomas Champion | $115 | $105.12 | +26.4% | Oct 30, 2024 |
| Goldman Sachs | Eric Sheridan | $105 | $81.74 | +15.4% | Oct 30, 2024 |
| Bank of America Securities | Justin Post | $99 | $81.74 | +8.8% | Oct 30, 2024 |
| B.Riley Financial | Naved Khan | $87 | $79.38 | -4.4% | Oct 21, 2024 |
| Deutsche Bank | Ben Black | $85 | $80.9 | -6.6% | Oct 21, 2024 |
| J.P. Morgan | Doug Anmuth | $77 | $71.29 | -15.4% | Oct 7, 2024 |
| B.Riley Financial | Naved Khan | $75 | $64.56 | -17.6% | Sep 20, 2024 |
| Goldman Sachs | Eric Sheridan | $60 | $59.87 | -34.0% | Sep 11, 2024 |
| JMP Securities | Andrew Boone | $84 | $50.31 | -7.7% | Aug 7, 2024 |
| Loop Capital Markets | Alan Gould | $80 | $54.36 | -12.1% | Aug 7, 2024 |
| Piper Sandler | Thomas Champion | $70 | $54.36 | -23.1% | Aug 7, 2024 |
| Cannonball Research | Vasily Karasyov | $67 | $54.75 | -26.3% | Aug 6, 2024 |
| LightShed Partners | Richard Greenfield | $84 | $56.7 | -7.7% | Aug 5, 2024 |
| Raymond James | Josh Beck | $70 | $60.48 | -23.1% | Jul 31, 2024 |
| Roth Capital | Rohit Kulkarni | $67 | $62.06 | -26.3% | Jul 26, 2024 |
| Bernstein | Mark Shmulik | $50 | $64.7 | -45.0% | Jul 22, 2024 |
| Loop Capital Markets | Alan Gould | $75 | $73.51 | -17.6% | Jul 3, 2024 |
| Needham | Laura Martin | $75 | $60.21 | -17.6% | Jun 18, 2024 |
| JMP Securities | Andrew Boone | $63 | $56.38 | -30.7% | May 17, 2024 |
| Deutsche Bank | Ben Black | $65 | $56.38 | -28.5% | May 17, 2024 |
| Goldman Sachs | Eric Sheridan | $55 | $51.4 | -39.5% | May 8, 2024 |
| Loop Capital Markets | Alan Gould | $55 | $42.27 | -39.5% | Apr 15, 2024 |
| Raymond James | Josh Beck | $50 | $42.27 | -45.0% | Apr 15, 2024 |
| Needham | Laura Martin | $55 | $42.27 | -39.5% | Apr 15, 2024 |
| Deutsche Bank | Ben Black | $50 | $42.27 | -45.0% | Apr 15, 2024 |
| Roth Capital | Rohit Kulkarni | $50 | $42.27 | -45.0% | Apr 15, 2024 |
| Piper Sandler | Thomas Champion | $50 | $42.27 | -45.0% | Apr 15, 2024 |
| Morgan Stanley | Brian Nowak | $45 | $42.27 | -50.5% | Apr 15, 2024 |
| JMP Securities | Andrew Boone | $53 | $42.27 | -41.7% | Apr 15, 2024 |
| Goldman Sachs | Eric Sheridan | $40 | $42.27 | -56.0% | Apr 15, 2024 |
| Bernstein | Mark Shmulik | $40 | $46.99 | -56.0% | Apr 4, 2024 |
| Robert W. Baird | Colin Sebastian | $50 | $46.99 | -45.0% | Apr 3, 2024 |
| New Street | Dan Salomon | $54 | $70.45 | -40.6% | Mar 26, 2024 |
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Start freeCompany context
Snapshot as of publicationReddit, Inc. oversees an internet-based service dedicated to fostering diverse online communities. This platform categorizes groups by shared passions, enabling its users to participate in dialogues through recounting experiences, sharing external web addresses, uploading visual and video content, and engaging in direct replies. Founded in 2005, the corporation maintains its central operations in San Francisco, California. Reddit, Inc. also functions as a controlled subsidiary of Advance Publications, Inc.
Historical context
All RDDT earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FOX Fox Corporation | FY2027 Q1 · Calendar Q4 2026 | — | -0.5% | Fox Q1 FY2027: Sports and streaming fuel advertising strength |
| FOXA Fox Corporation | FY2027 Q1 · Calendar Q4 2026 | — | +0.3% | Fox’s growth is riding sports, political ads and streaming momentum |
| PINS Pinterest, Inc. | FY2026 Q3 · Calendar Q4 2026 | -5.4% | -2.8% | Pinterest’s user growth stays strong as revenue slows amid Europe headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the RDDT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T23:10:44.250633+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T23:10:44.247641+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.