Earnings call briefThird-quarter 2026
Reddit says Q4 DAUqs could fall if search referral declines continue
If the October rate of decline continues, Reddit said total DAUqs could fall in Q4 by a low double-digit percentage from 130 million.
GetSignal Reddit RDDT
Steven Huffman, Co-Founder and CEO, said on the third-quarter call that search traffic dropped by more than 1 million referrals on average per week during October.
Reddit said it will begin fully testing a logged-in only version of the platform in select markets outside the U.S. in Q4, with results to inform an optimized global version.
Quotes from the call
“During October, we have seen that search traffic has dropped by more than 1 million referrals on average per week. If this rate of decline continues, current trends would suggest that total DAUqs could fall in Q4 by a low double-digit percentage from our current base of 130 million DAUqs.”
Key facts from the call
- October search referral decline
- More than 1 million referrals per week on average
- Expected possible Q4 DAUq decline if October trend continues
- Low double-digit percentage from 130 million DAUqs
- Expected logged-in only test
- Select markets outside the U.S., Q4
Source: Reddit's third-quarter 2026 earnings call, October 29, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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