PLAY
Dave & Buster's Entertainment, Inc.
PLAY trails on the overall score without a compensating advantage in the available component scores.
RDDT
Reddit, Inc.
RDDT has the edge over PLAY overall, supported by stronger fundamentals and stronger modeled upside.
PLAY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
PLAY's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
PLAY PE Valuation
PLAY has no meaningful PE right now: it lost money over the past year.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
PLAY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect PLAY's losses to grow, with revenue holding steady. However, they disagree widely on these estimates.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over PLAY on the outlook, with more favorable earnings and revenue expectations.
PLAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.54 | -705% |
| Q2 2026 | -$1.86 | -271% |
| Q1 2026 | -$1.40 | -196% |
| Q4 2025 | $0.04 | -98% |
| Q3 2025 | $0.42 | -85% |
| Q2 2025 | $1.09 | -55% |
| Q1 2025 | $1.46 | -49% |
| Q4 2024 | $2.09 | -24% |
RDDT has the stronger earnings trend. Trailing diluted EPS is down 705% for PLAY versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
PLAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $544.1M | -2.4% |
| Q2 2026 | $559.2M | -1.5% |
| Q1 2026 | $529.6M | -0.9% |
| Q4 2025 | $448.2M | -1.1% |
| Q3 2025 | $557.4M | +0.1% |
| Q2 2025 | $567.7M | -3.5% |
| Q1 2025 | $534.5M | -11% |
| Q4 2024 | $453M | -3% |
PLAY's revenue grew through 2023 and has held roughly level since: $544M last quarter, down 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | -5.9 points |
| Q2 2026 | 8.4% | -2.7 points |
| Q1 2026 | -2.6% | -11 points |
| Q4 2025 | -3.6% | -5 points |
| Q3 2025 | 9.5% | -5.7 points |
| Q2 2025 | 11% | -3.4 points |
| Q1 2025 | 8.3% | -6.7 points |
| Q4 2024 | 1.4% | -2.6 points |
PLAY's operating margin was 3.6% last quarter, down 5.9 points from the same quarter a year ago.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over PLAY on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over PLAY on profitability, with a higher operating margin.
PLAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$37.9M | +$17.3M |
| Q2 2026 | $8.5M | +$67.3M |
| Q1 2026 | $34M | +$95M |
| Q4 2025 | -$20.6M | +$117.8M |
| Q3 2025 | -$55.2M | -$40.9M |
| Q2 2025 | -$58.8M | -$54.6M |
| Q1 2025 | -$61M | -$35.6M |
| Q4 2024 | -$138.4M | -$135.4M |
PLAY has burned cash in six of the last eight quarters: −$16M over the past year, against −$313M the year before.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over PLAY on cash generation, producing positive trailing cash flow while its opponent burns cash.
PLAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -130K shares |
| 1 year | -0.9% | -330K shares |
| 3 years | -20% | -8.6M shares |
| 5 years | -29% | -14.4M shares |
| Available history | +10% | +3.3M shares |
PLAY has the edge over RDDT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $23.9M |
| Q1 2025 | $83.9M |
| Q4 2024 | $28M |
PLAY hasn't bought back shares in the past year.
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has 202M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
PLAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.5x | High |
| Q2 2026 | 4.2x | High |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 2.9x | Moderate |
PLAY's net debt is about 4.5 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over PLAY on leverage, with a lower net debt burden relative to earnings.
PLAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 29.2 | Neutral |
PLAY's weekly RSI is 40 (neutral) and its Stochastic is 29 (neutral).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
PLAY PE vs Communication Services Sector
| Metric | PLAY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
PLAY has no meaningful PE right now: it lost money over the past year.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
PLAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.29 | 7.7% above |
| 20 week MA | $8.72 | 10% below |
| 50 week MA | $12.2 | 36% below |
| 100 week MA | $17.6 | 55% below |
| 200 week MA | $29.9 | 74% below |
PLAY has stronger trend alignment. PLAY is above 1 of 5 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
PLAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.7 | $29.6 | -27% |
| 2021 | $29.6 | $39.5 | +33% |
| 2022 | $39.5 | $35.0 | -11% |
| 2023 | $35.0 | $53.9 | +54% |
| 2024 | $53.9 | $29.1 | -46% |
| 2025 | $29.1 | $16.3 | -44% |
| 2026 YTD | $16.3 | $7.85 | -52% |
PLAY has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.