Reddit to Test Log-In Wall as Stock Sinks
Reddit shares fell more than 15% in after-hours trading Thursday after it forecast fourth-quarter revenue of $1 billion to $1.03 billion, below the roughly $1.05 billion analysts expected, even as third-quarter revenue of $895 million and earnings of $1.40 a share beat estimates. CEO Steve Huffman told CNBC that search referral traffic from Google was down meaningfully because of AI overviews, and Reddit said it will begin testing a requirement for users to log in, starting outside the U.S. in the fourth quarter. U.S. daily active uniques fell 2% from a year earlier. Not investment advice.

What’s confirmed
- Reddit shares fell more than 15% in after-hours trading Thursday after it forecast fourth-quarter revenue of $1 billion to $1.03 billion, below the roughly $1.05 billion analysts expected, even as third-quarter revenue of $895 million and earnings of $1.40 a share beat estimates.
- CEO Steve Huffman told CNBC that search referral traffic from Google was down meaningfully because of AI overviews, and Reddit said it will begin testing a requirement for users to log in, starting outside the U.S. in the fourth quarter.
- U.S. daily active uniques fell 2% from a year earlier.
- Not investment advice.
Confirmed by 3 independent outlets: CNBC, Reuters and Investing.com.
What would move the score
- Now: 94% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
Any change is logged below with the time and the old and new score. Corrections policy
Confirmation record
Plus the primary source: Reddit’s Q3 2026 results.Updated / Corrected log
- Published at 94% with 3 independent confirmations.
Card video
TruthRank card · narrated, captions availableAny correction is logged here with its time and the reason. See our corrections policy.
TruthRank Daily
The day’s most-confirmed stories and their scores, in one short email.
Launching soon. Nothing is sent yet: before the first issue we’ll email you once to confirm. We use your address only for TruthRank Daily, never sell it, and you can unsubscribe any time. Privacy