RDDT
Reddit, Inc.
RDDT has the edge over ZD overall, supported by stronger fundamentals and stronger modeled upside.
ZD
Ziff Davis, Inc.
ZD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
ZD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Stable | |
| Strong |
ZD's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue 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's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
ZD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.1x | $51.69 | — |
| Forward | 9x | $51.69 | — |
| Cheap | 12x | $199 | +285% |
| Fair | 26x | $438 | +748% |
| Expensive | 44x | $751 | +1352% |
Historical ranges are pointers, not guarantees.
ZD has the edge over RDDT in the historical PE scenario, which offers more potential upside but is not a forecast.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over ZD on the outlook, with more favorable valuation and revenue expectations.
ZD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect ZD's earnings to grow and its profitability to improve, but its revenue to decline.
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 |
ZD has the stronger earnings trend. Trailing diluted EPS is down 39% for RDDT versus ZD up 547%.
ZD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.76 | -66% |
| Q3 2026 | $16.96 | +547% |
| Q2 2026 | $17.72 | +1007% |
| Q1 2026 | $1.18 | -33% |
| Q4 2025 | $1.15 | -19% |
| Q3 2025 | $2.62 | +110% |
| Q2 2025 | $1.60 | -5.3% |
| Q1 2025 | $1.75 | +37% |
| Q4 2024 | $1.42 | +60% |
ZD earned $16.96 per share over the past year, about six times what it earned 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 ZD 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 ZD on profitability, with a higher operating margin.
ZD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $289.3M | -20% |
| Q2 2026 | $286.7M | -19% |
| Q1 2026 | $267.6M | -19% |
| Q4 2025 | $406.7M | -1.5% |
| Q3 2025 | $363.7M | +2.9% |
| Q2 2025 | $352.2M | +9.8% |
| Q1 2025 | $328.6M | +4.5% |
| Q4 2024 | $412.8M | +5.9% |
ZD's revenue has slid since its 2020 peak: $289M last quarter, down 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -12% | -19 points |
| Q2 2026 | -16% | -25 points |
| Q1 2026 | 1.1% | -9.6 points |
| Q4 2025 | 21% | +2.1 points |
| Q3 2025 | 7.8% | +16 points |
| Q2 2025 | 9.5% | +0.6 points |
| Q1 2025 | 11% | -0.7 points |
| Q4 2024 | 19% | -1.7 points |
ZD's operating margin was −12% last quarter, down 19 points from the same quarter a year ago, near the bottom of its range since 2019.
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 ZD on cash flow, with more consistent year-over-year improvement.
ZD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$100.1M | -193% |
| Q2 2026 | $54M | +100% |
| Q1 2026 | -$3.2M | +$1.8M |
| Q4 2025 | $157.8M | +20% |
| Q3 2025 | $108.2M | +35% |
| Q2 2025 | $26.9M | +7.5% |
| Q1 2025 | -$5M | -111% |
| Q4 2024 | $131.1M | +99% |
ZD usually generates cash, though not every quarter: the latest was −$100M, but it generated $108M 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 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 | — |
ZD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7.2% | -2.6M shares |
| 1 year | -17% | -6.8M shares |
| 3 years | -27% | -12.3M shares |
| 5 years | -31% | -14.8M shares |
| Available history | -32% | -15.7M shares |
ZD has the edge over RDDT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $92M |
| Q2 2026 | $121.5M |
| Q1 2026 | $51.6M |
| Q4 2025 | $60.6M |
| Q3 2025 | $44.4M |
| Q2 2025 | $33.9M |
| Q1 2025 | $34.9M |
| Q4 2024 | $1.2M |
ZD spent $326M buying back its own shares over the past year, up 185% from 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 more cash than debt.
ZD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.6x | Net Cash |
| Q2 2026 | -2.6x | Net Cash |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.1x | Healthy |
ZD has the edge over RDDT on leverage, with a lower net debt burden relative to earnings.
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).
ZD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 33.8 | Neutral |
ZD's weekly RSI is 50 (neutral) and its Stochastic is 34 (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.
ZD PE vs Communication Services Sector
| Metric | ZD | Sector median | Relative |
|---|---|---|---|
| PE | 3.1x | 16x | 82% below |
| PE % | 1 | 26 | 25 pts below |
ZD 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 |
ZD has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus ZD above 2 of 5.
ZD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.9 | 5.9% below |
| 20 week MA | $54.7 | 5.4% below |
| 50 week MA | $45.9 | 13% above |
| 100 week MA | $42.1 | 23% above |
| 200 week MA | $52.4 | 1.3% below |
ZD's trend is mixed: it's above two of its five weekly moving averages, and 1.3% 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.
ZD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $81.8 | $84.9 | +3.8% |
| 2021 | $84.9 | $111.0 | +31% |
| 2022 | $111.0 | $78.0 | -30% |
| 2023 | $78.0 | $67.2 | -14% |
| 2024 | $67.2 | $55.4 | -18% |
| 2025 | $55.4 | $35.9 | -35% |
| 2026 YTD | $35.9 | $51.7 | +44% |
ZD has the edge over RDDT on returns for 2026, with the stronger performance.