Reddit Q3 revenue up 53% to $895M, but DAUq miss and weak Q4 guidance sink stock

Reddit reported Q3 revenue of $895M, up 53% year over year and above the $878M estimate. DAUq rose 12% to 130.3M but fell short of expectations, and Q4 revenue guidance came in below consensus, sending RDDT down more than 9% after hours.

• Q3 revenue: $895M, up 53% YoY, vs. $878M estimate
• DAUq: 130.3M, up 12% YoY, below expectations
• Q4 revenue guidance below consensus
• RDDT fell more than 9% after hours