Shares dropped 9% despite the company logging its eighth consecutive quarter of revenue growth above 60% and issuing robust guidance for the upcoming period. "Another quarter in the books, another quarter of engagement friction leaving US users stuck and the 2X inflection remains elusive. For the three months ended June 30, total revenue expanded 61% year-over-year to $805 million, topping the analyst consensus of $730 million. Reddit projects third-quarter revenue between $860 million and $870 million, above the Wall Street consensus of roughly $828 million, alongside adjusted EBITDA expected in the range of $385 million to $395 million. Related articles'Twitter 2.0 deja vu': Reddit shares slide 9% as U.S. DAU declineThese 2 stocks are best positioned to benefit from higher uranium prices: analystJPMorgan outlines ten strategic themes that could shape the outlook for 2026