RDDT
Reddit, Inc.
RDDT has the edge over ZG overall, supported by stronger fundamentals and stronger modeled upside.
ZG
Zillow Group, Inc. Class A
ZG 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.
ZG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
ZG's revenue, cash flow and balance sheet are currently healthy, but its profitability 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.
ZG PE Valuation
ZG 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 ZG on the outlook, with more favorable revenue expectations.
ZG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect ZG's earnings to grow and its profitability to improve, with its revenue holding steady. 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 ZG down 447%.
ZG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.11 | — |
| Q3 2026 | -$0.52 | -$0.37 |
| Q2 2026 | $0.22 | +$0.49 |
| Q1 2026 | $0.25 | +$0.60 |
| Q4 2025 | $0.09 | +$0.57 |
| Q3 2025 | -$0.15 | +$0.42 |
| Q2 2025 | -$0.27 | +$0.34 |
| Q1 2025 | -$0.35 | +$0.34 |
| Q4 2024 | -$0.48 | +$0.20 |
ZG is still losing money, but far less than before: $0.52 per share over the past year, against $2.26 at its worst in mid-2022.
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 ZG 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 ZG on profitability, with a higher operating margin.
ZG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $724M | +7.1% |
| Q2 2026 | $772M | +18% |
| Q1 2026 | $708M | +18% |
| Q4 2025 | $654M | +18% |
| Q3 2025 | $676M | +16% |
| Q2 2025 | $655M | +15% |
| Q1 2025 | $598M | +13% |
| Q4 2024 | $554M | +17% |
ZG's revenue has grown year over year for 13 quarters in a row: $724M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -22% | -22 points |
| Q2 2026 | -1.3% | +0.4 points |
| Q1 2026 | 5.1% | +6.6 points |
| Q4 2025 | -1.7% | +11 points |
| Q3 2025 | -0.4% | +7.3 points |
| Q2 2025 | -1.7% | +5 points |
| Q1 2025 | -1.5% | +7 points |
| Q4 2024 | -12% | +9.7 points |
ZG's operating margin was −22% last quarter, down 22 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 ZG on cash flow, with more consistent year-over-year improvement.
ZG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $128M | +75% |
| Q2 2026 | -$25M | -150% |
| Q1 2026 | $166M | +144% |
| Q4 2025 | $44M | -50% |
| Q3 2025 | $73M | -47% |
| Q2 2025 | $50M | +178% |
| Q1 2025 | $68M | +66% |
| Q4 2024 | $88M | +69% |
ZG still generates free cash flow, though less than at its 2022 peak: $313M 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 | — |
ZG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -2.6M shares |
| 1 year | -12% | -30.9M shares |
| 3 years | -3.4% | -8M shares |
| 5 years | -11% | -28.8M shares |
| Available history | +9.2% | +18.9M shares |
ZG has the edge over RDDT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q2 2026 | $200M |
| Q1 2026 | $626M |
| Q4 2025 | $232M |
| Q3 2025 | $38M |
| Q2 2025 | $150M |
| Q1 2025 | $250M |
| Q4 2024 | — |
ZG spent $1.1B buying back its own shares over the past year, up 146% 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.
ZG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -1.3x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -3.6x | Net Cash |
| Q2 2025 | -2.9x | Net Cash |
| Q1 2025 | -8.4x | Net Cash |
| Q4 2024 | -21.8x | Net Cash |
ZG 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).
ZG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.6 | Neutral |
| Stochastic | 28.6 | Neutral |
ZG's weekly RSI is 38 (neutral) and its Stochastic is 29 (neutral).
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT has the edge over ZG on valuation relative to its sector.
ZG PE vs Communication Services Sector
| Metric | ZG | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 16x | 673% above |
| PE % | 19 | 26 | 7 pts below |
ZG 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 |
ZG has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus ZG above 0 of 5.
ZG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 4.8% below |
| 20 week MA | $32.5 | 10% below |
| 50 week MA | $42.5 | 31% below |
| 100 week MA | $57.6 | 49% below |
| 200 week MA | $53.5 | 46% below |
ZG is in a downtrend: it's below all five of its weekly moving averages, and 46% 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 ZG on returns for 2026, with the stronger performance.
ZG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.8 | $143.9 | +214% |
| 2021 | $143.9 | $62.3 | -57% |
| 2022 | $62.3 | $32.1 | -48% |
| 2023 | $32.1 | $56.7 | +77% |
| 2024 | $56.7 | $72.7 | +28% |
| 2025 | $72.7 | $69.6 | -4.3% |
| 2026 YTD | $69.6 | $29.1 | -58% |
ZG's yearly returns have swung widely, from +214% in 2020 to −57% in 2021. It's down 58% so far in 2026.