RDDT
Reddit, Inc.
RDDT has the edge over TU overall, supported by stronger fundamentals and stronger modeled upside.
TU
TELUS Corporation
TU 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.
TU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Weak |
TU's cash flow is currently healthy, and its revenue is stable, but its profitability 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.
TU PE Valuation
TU 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 TU on the outlook, with more favorable earnings and revenue expectations.
TU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect TU's profitability to improve, but its earnings to decline. However, they disagree widely on these estimates.
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 TU down 189%.
TU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.40 | -189% |
| Q1 2026 | $0.42 | -25% |
| Q4 2025 | $0.51 | +8.5% |
| Q3 2025 | $0.54 | +23% |
| Q2 2025 | $0.45 | +22% |
| Q1 2025 | $0.56 | +56% |
| Q4 2024 | $0.47 | +15% |
| Q3 2024 | $0.44 | +13% |
TU has swung to a loss: it lost $0.40 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 TU 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 TU on profitability, with a higher operating margin.
TU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.5B | -2.2% |
| Q1 2026 | $3.5B | -0.6% |
| Q4 2025 | $3.7B | -1.9% |
| Q3 2025 | $3.6B | +0.5% |
| Q2 2025 | $3.5B | +2.7% |
| Q1 2025 | $3.5B | +3.1% |
| Q4 2024 | $3.7B | +3.4% |
| Q3 2024 | $3.5B | +1% |
TU's revenue grew through 2023 and has held roughly level since: $3.5B last quarter, down 2.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +11 points |
| Q1 2026 | 17% | +1.5 points |
| Q4 2025 | 13% | -1 points |
| Q3 2025 | 15% | -1 points |
| Q2 2025 | 3.5% | -10 points |
| Q1 2025 | 15% | +3.2 points |
| Q4 2024 | 14% | +1.4 points |
| Q3 2024 | 16% | +5.3 points |
TU's operating margin was 15% last quarter, up 11 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 TU on cash flow, with more consistent year-over-year improvement.
TU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $485.1M | +21% |
| Q1 2026 | -$17.6M | -106% |
| Q4 2025 | $352.2M | +$607.4M |
| Q3 2025 | $506.8M | -4.3% |
| Q2 2025 | $399.3M | -43% |
| Q1 2025 | $297.4M | +2921% |
| Q4 2024 | -$255.2M | -158% |
| Q3 2024 | $529.4M | +40% |
TU generated $1.3B in free cash flow over the past year, up 37% 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 the edge over TU 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 | — |
TU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +12M shares |
| 1 year | +2.9% | +44M shares |
| 3 years | +8.4% | +122M shares |
| 5 years | +16% | +215M shares |
| Available history | +31% | +370M shares |
TU has 1.6B diluted shares, up 2.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TU hasn't bought back shares in the past year.
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 TU on leverage, with a lower net debt burden relative to earnings.
TU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.1x | High |
| Q1 2026 | 4.0x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 4.1x | High |
| Q3 2024 | 4.2x | High |
TU's net debt is about 4.1 years of its operating earnings (EBITDA), about the same as 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).
TU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.3 | Neutral |
| Stochastic | 43.4 | Neutral |
TU's weekly RSI is 34 (neutral) and its Stochastic is 43 (neutral).
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.
TU PE vs Communication Services Sector
| Metric | TU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
TU 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 |
TU has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus TU above 1 of 5.
TU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.50 | 0.2% above |
| 20 week MA | $9.27 | 8.1% below |
| 50 week MA | $11.4 | 25% below |
| 100 week MA | $13.3 | 36% below |
| 200 week MA | $15.5 | 45% below |
TU has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 45% 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 finished every year since 2024 higher, and it's down 56% so far in 2026.
TU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.3 | $20.0 | +3.3% |
| 2021 | $20.0 | $23.2 | +16% |
| 2022 | $23.2 | $19.7 | -15% |
| 2023 | $19.7 | $17.8 | -9.6% |
| 2024 | $17.8 | $13.5 | -24% |
| 2025 | $13.5 | $12.9 | -4.4% |
| 2026 YTD | $12.9 | $8.52 | -34% |
TU has the edge over RDDT on returns for 2026, with the stronger performance.