Reddit (RDDT) Stock Jumps 6% as August User Growth Hits 2026 High
TLDR
- Reddit stock rose more than 6% after Piper Sandler data showed user growth accelerated 8% month over month in August, the strongest monthly increase of 2026.
- Total audience growth hit 18% year over year in August, up from 12.8% in July.
- International users led the charge, growing 29.3% year over year, up from 19% in July.
- Piper Sandler also raised its Q3 ad-spending growth estimate for Reddit by 30 basis points.
- A one-time reset in September audience estimates of around 20% is expected due to Ads Manager methodology changes, not a decline in users.
Reddit (RDDT) stock climbed more than 6% on Thursday, snapping a four-session losing streak. The catalyst was fresh data from Piper Sandler showing a sharp pickup in user growth during August.
RDDT was trading at $156.42 before the move. The stock is still down 35.3% year to date and sits 42.2% below its 52-week high of $270.71 from September 2025.
Piper Sandlerโs analysis of Reddit Ads Manager data showed average users rose 8% month over month in August. That was the strongest monthly gain of the year and followed a 2% decline in July.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
