$RDDT

Google is disabling AI features in its products for schools that opt out, effectively removing access to its search engine. Reddit is testing ads in its search pages, aiming to boost ad revenue and reduce reliance on Google. Versant Media Group reported mixed Q3 earnings, with a 4% revenue decline but 10% growth in platform revenue. Other tech updates include Apple's age restrictions for dating and AI apps, Shopify app security issues, and Netflix's new AI-driven interface.

US equities rose, led by tech and semiconductor stocks, with the S&P 500 up 0.4%. Oil prices fell 1.0% amid geopolitical developments. Ferrari raised its full-year outlook after strong quarterly results, while Apple fell 1.9% due to margin concerns. In New Zealand, the NZX 50 gained 0.2%, and dairy production hit a record. The RBA raised rates to 4.85%, and Australian equities advanced 0.3%.

Reddit is testing search ads with select advertisers, displaying relevant paid placements for product queries. Q3 ad revenue rose 54% YoY to $846.996 million. The company plans to evaluate user responses and refine the experience.

Reddit (RDDT) stock dropped 29.2% post-Q3 earnings, despite revenue beating estimates at $895M. Management warned of a low double-digit percentage decline in daily users due to reduced search traffic. Revenue growth slowed to 53.0% YoY, with Q4 guidance of 38-42% growth. Operating margin improved to 29.2%. The company plans to test a logged-in-only version in select markets.

Reddit (RDDT) shares fell 21% premarket on Oct. 30, driven by slowing growth forecasts and CEO Steve Huffman's plan to shift to a logged-in-only experience. Q4 revenue is expected to grow 40% YoY, down from Q3's 53%. Adjusted EBITDA is projected to rise 51%, down from 70% in Q3. The company aims to focus on logged-in users, who drive 80% of its business, despite potential short-term audience shrinkage. Reddit is on track for $1 billion in annualized free cash flow, trading at a 3.7% FCF yield.

Reddit's shares dropped 34% in a week after Q3 results showed 53% revenue growth but weaker Q4 guidance. CEO Steve Huffman attributed user decline to Google's AI Mode, which reduces referral traffic. Logged-in users grew 1%, while logged-out visitors fell 4%. Revenue was $895M, with Q4 guidance of $1.00-$1.03B, below expectations.

Reddit reported Q3 2026 revenue of $895M, up 53% YoY, with advertising revenue at $847M, up 54%. Daily active users grew 12% globally but declined 2% in the U.S. due to a drop in search referrals. The company plans to shift toward a logged-in experience to boost monetization and engagement, according to its shareholder letter.

Reddit plans to require logins to improve ad performance and personalize content, testing the change in select non-U.S. markets in Q4 2026. CEO Steve Huffman cited a decline in search traffic. Q3 2026 revenue was $895M, up 53% YoY, but Q4 guidance fell below estimates. Logged-in users generate over 80% of revenue.

Reddit is challenging Australia's under-16 social media ban in court, arguing it restricts political engagement. The company claims there are more effective ways to protect youth online. The Digital Freedom Project also filed a separate challenge, citing constitutional concerns. The ban, in effect for 11 months, has led to over 5 million account suspensions. Hearings are set for this week.

Reddit (RDDT) reported Q3 revenue of $895M, beating estimates, with adjusted EPS of $2.07 and EBITDA of $402.3M. Q4 guidance was below expectations. Traffic from Google declined due to AI-driven search changes, but logged-in user engagement grew. Management is shifting focus to app installs and a logged-in-only experience.