RDDT is trading at $180.53 (-5.01%) today, aligning with broader tech pressure as the NASDAQ falls, following the significant ~9% drop last week driven by slowing 2026 growth warnings.
- The initial decline was triggered by Cleveland Research citing slowing 2026 growth due to fewer new advertisers and competition from TikTok, Snap, and ChatGPT.
- Today's drop is exacerbated by macro risks and AI spending worries, contributing to the NASDAQ's 1.01% fall.
- No company-specific news today; upcoming earnings on February 5 are expected to be strong at $0.96 EPS.