---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000778634.md"
description: "Was a sad few months for $Reddit(RDDT.US). But glad it's finally back above $200. Reddit was doing:- $663M revenue w/ 91.5% gross margins- $204M GAAP net income- 45%+ fwd Y/Y growth after 69%+ growth.- Net profit is ~30.7% of revenueFelt very weird to see a profitable company get dragged down after earnings. But in hindsight, given the increase hyperscaler capex, the drop felt more like it's more relative opportunity cost more than fundamentals?Since a lot of inflow poured into $Micron Tech(MU.US) / Sk Hynix that are bottlenecked into 2029. Or with laser bottlenecks like $Lumentum(LITE.US) that last into 2029 as well. Same thing happens in reverse after selloffs ig, even if fundamentals didn't change. Been seeing a lot of noise with memory optimization or Chinese players... but don't quite think you sign 16T+ LTAs if memory was getting flooded or not used anytime soon. Same with optical players... if in earnings, they state anything they make gets bought, I don't quite think a lot of the noise has material effect on their fundamentals. Regardless, nice to see some recovery with familiar faces like $Robinhood(HOOD.US), $Hims & Hers Health(HIMS.US), and $Reddit(RDDT.US) though."
datetime: "2026-07-06T21:15:48.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000778634.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000778634.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000778634.md)
author: "[Serenity](https://longbridge.com/en/profiles/26792196.md)"
generator: "portal-rs"
---

# Was a sad few months for $Reddit(RDDT.US). But gla…


### Related Stocks

- [LITE.US](https://longbridge.com/en/quote/LITE.US.md)
- [RDDT.US](https://longbridge.com/en/quote/RDDT.US.md)
- [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md)
- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [HIMS.US](https://longbridge.com/en/quote/HIMS.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**