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Reddit surges 13% on Q1 revenue up 69% YoY; GAAP EPS beats, 17 FY upgrades follow
- Reddit reported Q1 revenue of $663 million on May 3, up 69% year-over-year, with GAAP EPS of $1.01 — significantly above analyst consensus — sending the stock up 13.3% in the afternoon session.
- Today's snapshot shows 17 FY EPS upgrades with zero cuts, lifting the FY consensus from $4.13 to $4.93 in 7 days (+19.4%); Q2 revenue guidance of $720 million at the midpoint came in 1.3% above estimates.
- CEO Steve Huffman called Reddit 'the fuel' behind AI growth, underscoring the platform's emerging role as a training-data and search-intent asset beyond traditional social media.
Supporting datasets
Supporting queries
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Conclusion
eps_revisions (2026-05-04): up_last_7_days = 17, down = 0, period '0y'. eps_trend (2026-05-04): 0y current = $4.926 vs seven_days_ago = $4.127 (+19.4%). daily_prices May 3: close = $166.48; news confirms +13.3% intraday. 52w high = $282.95, 52w low = $94.89. News (May 3): Q1 revenue +69.1%, GAAP EPS $1.01 (beat consensus by 63–80% depending on estimate source). Q2 guidance $715–$725M (midpoint $720M) vs consensus $712M (+1.3%).