Reddit Sinks 5% as Slower Growth Guidance Looms Over Earnings; Snap Drops 3%, Meta Holds Steady

Impact · against what's priced in

Reddit faces a valuation reset as current guidance confirms a sharp growth deceleration, validating the market's refusal to pay for high-growth multiples. Meta's resilience suggests the market sees its diversified ad base as insulated from the specific growth headwinds hitting smaller rivals like Reddit and Snap.

RDDT−0.10

Already priced in

The price assumes

Revenue growth decelerating from 69% in FY2025 to roughly 15.6% annually