RDDT
Reddit, Inc.
RDDT has the edge over T overall, supported by stronger modeled upside and stronger fundamentals.
T
AT&T Inc.
T has lower modeled downside risk, despite its lower overall score.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
T Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
T's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
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 has the edge over T in the historical PE scenario, which offers more potential upside but is not a forecast.
T PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.9x | $14.50 | -35% |
| Forward | 8.8x | $22.18 | — |
| Fair | 12x | $22.48 | +1.3% |
| Current | 12x | $22.18 | — |
| Expensive | 18x | $33.86 | +53% |
Historical ranges are pointers, not guarantees.
T's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 8.8x next year's earnings.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over T on the outlook, with more favorable revenue expectations.
T Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect T's earnings to grow and its profitability to improve, with its revenue holding steady.
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 the stronger earnings trend. Trailing diluted EPS is down 39% for RDDT versus T down 40%.
T Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.53 | +38% |
| Q3 2026 | $1.84 | -40% |
| Q2 2026 | $3.01 | +71% |
| Q1 2026 | $2.97 | +82% |
| Q4 2025 | $3.04 | +104% |
| Q3 2025 | $3.08 | +150% |
| Q2 2025 | $1.76 | +1.1% |
| Q1 2025 | $1.63 | -12% |
| Q4 2024 | $1.49 | -24% |
T's earnings per share have fallen from their peak: $1.84 over the past year, against $3.08 in late 2025.
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 T on sales, with stronger typical year-over-year growth.
| 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 T on profitability, with a higher operating margin.
T Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.3B | +5.3% |
| Q2 2026 | $31.6B | +2.3% |
| Q1 2026 | $31.5B | +2.9% |
| Q4 2025 | $33.5B | +3.6% |
| Q3 2025 | $30.7B | +1.6% |
| Q2 2025 | $30.8B | +3.5% |
| Q1 2025 | $30.6B | +2% |
| Q4 2024 | $32.3B | +0.9% |
T's revenue has grown year over year for eight quarters in a row: $32.3B last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -7.3 points |
| Q2 2026 | 22% | +1.2 points |
| Q1 2026 | 21% | +2.3 points |
| Q4 2025 | 17% | +0.8 points |
| Q3 2025 | 20% | +13 points |
| Q2 2025 | 21% | +1.7 points |
| Q1 2025 | 19% | -0.7 points |
| Q4 2024 | 16% | 0 points |
T's operating margin was 13% last quarter, down 7.3 points from the same quarter a year ago.
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 T on cash flow, with more consistent year-over-year improvement.
T Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +3.7% |
| Q2 2026 | $5.1B | +4.8% |
| Q1 2026 | $2.7B | -43% |
| Q4 2025 | $4.5B | -10% |
| Q3 2025 | $5.3B | +6.7% |
| Q2 2025 | $4.9B | +2.8% |
| Q1 2025 | $4.8B | +26% |
| Q4 2024 | $5.1B | -25% |
T's free cash flow has been positive every quarter for six years: $17.8B over the past year, down 11% from the year before.
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 | — |
T Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -102M shares |
| 1 year | -4.5% | -325M shares |
| 3 years | -4.7% | -341M shares |
| 5 years | -5% | -358M shares |
| Available history | -6.9% | -504M shares |
T has the edge over RDDT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.8B |
| Q2 2026 | $2.2B |
| Q1 2026 | $2.5B |
| Q4 2025 | $1.8B |
| Q3 2025 | $1.5B |
| Q2 2025 | $961M |
| Q1 2025 | $218M |
| Q4 2024 | $13M |
T spent $9.3B buying back its own shares over the past year, about three times what it spent the year before.
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 T on leverage, with a lower net debt burden relative to earnings.
T Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
T's net debt is about 3.4 years of its operating earnings (EBITDA), up from 2.7 years a year ago.
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).
T Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.2 | Neutral |
| Stochastic | 19.0 | Oversold |
T's weekly RSI is 43 (neutral) and its Stochastic is 19 (oversold).
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.
T PE vs Communication Services Sector
| Metric | T | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 27% below |
| PE % | 49 | 26 | 23 pts above |
T has the edge over RDDT on valuation relative to its sector.
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 |
T has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus T above 1 of 5.
T Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.7 | 2.2% below |
| 20 week MA | $23.5 | 5.5% below |
| 50 week MA | $24.8 | 11% below |
| 100 week MA | $25.7 | 14% below |
| 200 week MA | $21.8 | 1.9% above |
T has fallen below most of its moving averages, though it's still 1.9% above its 200-week average.
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.
T Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.6 | $21.7 | -27% |
| 2021 | $21.7 | $18.8 | -13% |
| 2022 | $18.8 | $18.3 | -2.5% |
| 2023 | $18.3 | $16.8 | -8.4% |
| 2024 | $16.8 | $22.9 | +36% |
| 2025 | $22.9 | $24.7 | +7.8% |
| 2026 YTD | $24.7 | $22.2 | -10% |
T has the edge over RDDT on returns for 2026, with the stronger performance.