RDDT
Reddit, Inc.
RDDT has the edge over TSQ overall, supported by stronger fundamentals and stronger modeled upside.
TSQ
Townsquare Media, Inc.
TSQ trails on the overall score without a compensating advantage in the available component scores.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TSQ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
TSQ's revenue is currently stable, but its profitability, cash flow and balance sheet are 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's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
TSQ PE Valuation
TSQ has no meaningful PE right now: it lost money over the past year.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over TSQ on the outlook, with more favorable earnings and revenue expectations.
TSQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect TSQ's earnings and profitability to decline, 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 TSQ down 301%.
TSQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.04 | — |
| Q3 2026 | -$2.75 | -301% |
| Q2 2026 | -$2.88 | -222% |
| Q1 2026 | -$0.43 | +$0.56 |
| Q4 2025 | -$0.71 | +$0.10 |
| Q3 2025 | $1.37 | +$4.02 |
| Q2 2025 | $2.36 | +$7.91 |
| Q1 2025 | -$0.99 | +$1.49 |
| Q4 2024 | -$0.81 | +$1.87 |
TSQ has swung to a loss: it lost $2.75 per share over the past year, after a profit the year before.
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 TSQ 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 TSQ on profitability, with a higher operating margin.
TSQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $110.9M | +3.9% |
| Q2 2026 | $115.4M | -0.1% |
| Q1 2026 | $96.8M | -1.9% |
| Q4 2025 | $106.5M | -9.6% |
| Q3 2025 | $106.8M | -7.4% |
| Q2 2025 | $115.4M | -2.3% |
| Q1 2025 | $98.7M | -1% |
| Q4 2024 | $117.8M | +2.6% |
TSQ's revenue grew through 2023 and has held roughly level since: $111M last quarter, up 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5% | -0.6 points |
| Q2 2026 | -11% | -29 points |
| Q1 2026 | -1.3% | -8.6 points |
| Q4 2025 | 9.5% | -8.6 points |
| Q3 2025 | 5.6% | -7.5 points |
| Q2 2025 | 18% | +36 points |
| Q1 2025 | 7.2% | +0.6 points |
| Q4 2024 | 18% | +25 points |
TSQ's operating margin was 5% last quarter, down 0.6 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 TSQ on cash flow, with more consistent year-over-year improvement.
TSQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.3M | -48% |
| Q2 2026 | $184K | -97% |
| Q1 2026 | $558K | +$5.1M |
| Q4 2025 | $9.2M | -63% |
| Q3 2025 | $4.3M | -9.5% |
| Q2 2025 | $6.4M | +35% |
| Q1 2025 | -$4.5M | -$1.8M |
| Q4 2024 | $24.5M | -2.9% |
TSQ still generates free cash flow, though less than at its 2023 peak: $12M over 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 the edge over TSQ on shareholder dilution, with a more favorable share count trend.
| 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 | — |
TSQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +210K shares |
| 1 year | +11% | +1.7M shares |
| 3 years | +11% | +1.8M shares |
| 5 years | -7% | -1.4M shares |
| Available history | -3% | -554K shares |
TSQ has 18M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $1.4M |
| Q2 2024 | $17.8M |
| Q1 2024 | $4.3M |
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 TSQ on leverage, with a lower net debt burden relative to earnings.
TSQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 20.9x | High |
| Q2 2026 | 20.5x | High |
| Q1 2026 | 7.9x | High |
| Q4 2025 | 6.8x | High |
| Q3 2025 | 5.9x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 10.7x | High |
| Q4 2024 | 10.5x | High |
TSQ's net debt is more than 20 years of its operating earnings (EBITDA), up from 5.9 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).
TSQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 18.3 | Oversold |
| Stochastic | 1.4 | Oversold |
TSQ's weekly RSI is 18 (oversold) and its Stochastic is 1 (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.
TSQ PE vs Communication Services Sector
| Metric | TSQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
TSQ has no meaningful PE right now: it lost money over the past year.
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 |
TSQ has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus TSQ above 0 of 5.
TSQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.47 | 58% below |
| 20 week MA | $5.03 | 71% below |
| 50 week MA | $5.73 | 75% below |
| 100 week MA | $6.57 | 78% below |
| 200 week MA | $8.34 | 82% below |
TSQ is in a downtrend: it's below all five of its weekly moving averages, and 82% below 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 the edge over TSQ on returns for 2026, with the stronger performance.
TSQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.63 | $6.71 | -30% |
| 2021 | $6.71 | $13.0 | +93% |
| 2022 | $13.0 | $7.22 | -44% |
| 2023 | $7.22 | $10.6 | +46% |
| 2024 | $10.6 | $9.39 | -11% |
| 2025 | $9.39 | $5.15 | -45% |
| 2026 YTD | $5.15 | $1.46 | -72% |
TSQ has finished lower in four of the last six years. It's down 72% so far in 2026.