Wall St Engine

REDDIT $RDDT Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $895M (Est. $878.4M) 🟢; +53% YoY 🔹 EPS: $1.40 (Est. $1.35) 🟢; +75% YoY 🔹 Adj. EBITDA: $402M (Est. $399M) 🟢; +70% YoY Users (Q3): 🔹 DAUq: 130.3M (Est. 133.4M) 🔴; +12% YoY 🔹 WAUq: 515.2M (Est. 531.1M) 🔴; +16% YoY 🔹 ARPU: $6.87 (Est. $6.67) 🟢; +36% YoY 🔹 U.S. DAUq: 50.7M (Est. 53.4M) 🔴; -2% YoY 🔹 Intl DAUq: 79.6M (Est. 80.1M) 🔴; +24% YoY 🔹 U.S. ARPU: $13.82 (Est. $12.92) 🟢; +53% YoY Q4 Guide: 🔹 Revenue: $1.00B-$1.03B (Est. $1.05B) 🔴 🔹 Adj. EBITDA: $480M-$510M (Est. $512M) 🔴 Other Q3 Metrics: 🔹 Ad Revenue: $847M (Est. $843.6M) 🟢; +54% YoY 🔹 Net Income: $283M (Est. $277M) 🟢; +74% YoY 🔹 Free Cash Flow: $363M (Est. $351M) 🟢; +98% YoY 🔹 Gross Margin: 91.5%; +50 bps YoY 🔹 Other Revenue: $48M (Est. $43M) 🟢; +35% YoY Revenue by Geography: 🔹 U.S. Revenue: $719M (Est. $702M) 🟢; +50% YoY 🔹 Intl Revenue: $176M (Est. $185M) 🔴; +67% YoY Capital Return: 🔹 Buybacks: 0.67M shares for $100M Key Updates: 🔹 Added to the S&P 500 index Comments: 🔸 “Surpassing $3B of revenue over the last 12 months shows Reddit’s strength as a destination and the differentiated value of our platform.”