RDDT just blew past expectations: 677% EPS surge, and massive S&P & AI catalysts ahead

Reddit just reported its 3rd straight quarter of >200% EPS growth (+677%, 7.8x). Its P/E is down to 47.6, and forward P/E is 19 (47.6/2.45). It will report another >200% EPS growth quarter in July.

RDDT's 2026 Q1 EPS of $1.01 has just [beaten 2027 Q1 EPS expectations of $0.98](https://www.nasdaq.com/market-activity/stocks/rddt/earnings). Yes, RDDT beat 2 years of analyst expectations at once.

Full investment thesis is in my Mar 29 [post](https://www.reddit.com/r/redditstock/comments/1s6yv9l/comprehensive_rddt_fairprice_409_valuation_and/).