Reddit (RDDT) Q3 FY2026 Earnings Overview: Weak Q4 Outlook and Search Traffic Losses Trigger 29.22% Selloff

Reddit reported Q3 FY2026 revenue of $895 million, above LSEG's $878 million estimate, while its shares fell 29.22% in the completed reaction session. This earnings analysis examines advertising growth, a Q4 revenue outlook below consensus, and whether declining search referrals will slow audience growth.