Why RDDT fell 15.5% on Oct 29 2026: earnings beat
RDDT-15.5%on Thu Oct 29 2026
Reddit, Inc. was down 15.5% on the day at $113.80, ranked #1 on 29.7× its usual five-minute volume, when TapeRank recorded this unexplained move at 16:07 ET during after hours. TapeRank recorded 2 events for RDDT that day, between 16:07 and 16:34 ET, and each is in the timeline below.
THE DAY ON THE LIST · 2 EVENTS
- 16:07 ETUNEXPLAINED MOVE · AFTER-HOURS
$113.80 · ▼ 15.5% ON THE DAY · 29.7× 5M RVOL · RANK #1
STRETCHEDCONFIDENCE5/5Reddit is down 13.2% on the day and another 3.28% in five minutes after reporting Q3 results. EPS beat estimates by 2.94% and revenue by 1.93%, so the sharp selloff is substantially larger than the headline earnings surprise supports.
WHYA 13.2% decline, including a 3.28% five-minute drop, is outsized relative to modest 2.94% EPS and 1.93% revenue beats.ANALYZED 16:22 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 16:07 ET
LAST113.80DAY▼ 15.5%5 MIN▼ 11.73%5M RVOL29.7×5M $VOL$84.3MFLOAT*146.1MRANK#1SESSIONAFTER-HOURSVWAP129.31HOD133.12LOD126.37OR HIGH131.89OR LOW127.10PREV CLOSE134.70PM HIGH133.12PM LOW129.50GAP▼ 3.53%* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
- 16:34 ETMOVER · AFTER-HOURS
$107.52 · ▼ 20.2% ON THE DAY · 688× 5M RVOL · RANK #1
JUSTIFIEDCONFIDENCE5/5Reddit shares fell 13.2% despite a Q3 EPS and revenue beat. The decline is explained by Q4 sales guidance of $1.00B-$1.03B, below the $1.046B estimate, indicating weaker forward growth expectations.
WHYA 13.2% drop is substantial but proportionate to guidance roughly 1.5%-4.4% below consensus, despite the modest Q3 beat.ANALYZED 16:29 ET · 5 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 16:34 ET
LAST107.52DAY▼ 20.2%5 MIN▼ 7.39%5M RVOL688×5M $VOL$39.8MFLOAT*146.1MRANK#1SESSIONAFTER-HOURSVWAP126.65HOD133.12LOD112.46OR HIGH131.89OR LOW127.10PREV CLOSE134.70PM HIGH133.12PM LOW129.50GAP▼ 3.53%* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
THE SESSION
- 09:30 ETOpened at $129.95, -3.5% on the previous close of $134.70
- 09:32 ETRegular-session high, $131.89
- 15:24 ETRegular-session low, $126.37
- 15:59 ETLast trade of the regular session, $129.78, -3.6% on the previous close of $134.70
- Volume: 11.3M shares in regular hours, 192K before the open
Reddit opened at $129.95, briefly reached $131.89, then fell to $126.37 before finishing the regular session at $129.78, down 3.6% from the previous close, with no halts. After the close, TapeRank recorded an unexplained move at $113.80 and later a decline to $107.52, the day’s largest recorded move at 20.2% lower. TapeRank first tied the selloff to a Q3 earnings beat, with EPS of $1.40 versus $1.36 estimates and sales of $895 million versus $878.015 million, then read it as justified by Q4 sales guidance of $1.00 billion-$1.03 billion below the $1.046 billion estimate.
WRITTEN THU OCT 29 2026 20:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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