RDDT 最新10-Q变化
将 RDDT 最新的定期申报(10-K/10-Q)与上一份同类型申报逐章节对比:每个章节新增/删除的段落数与原文摘录。全部为确定性文本对比——无相似度评分、无方向判断、非投资建议。
对比:10-Q · 2026-10-30 与上一份 10-Q · 2026-07-31
| 章节 | 结果 | 新增 | 删除 | 微调 | 未变 |
|---|---|---|---|---|---|
| 管理层讨论与分析 | 文字有新增/删除 | +23 | −19 | ~23 | 37 |
| 市场风险(第3项) | 文字有新增/删除 | +3 | −2 | 0 | 1 |
| 控制与程序 | 文字有新增/删除 | 0 | 0 | ~1 | 2 |
| 法律诉讼 | 无段落级文字变化 | 0 | 0 | 0 | 1 |
| 风险因素 | 部分风险因素更新 | +91 | −70 | ~64 | 187 |
| 其他信息 | 文字有新增/删除 | 0 | −2 | ~1 | 0 |
计数单位为段落;"新增/删除"指相对上一份文件新增/删除的文字,不含方向或好坏判断。
代表性摘录
每个章节最多 5 条、每条约 300 字符的原文摘录,直接来自两份 SEC 文件。
管理层讨论与分析
相对上期新增的文字 · 来源:10-Q · 2026-10-30
In addition, we monitor logged-in DAUq, which we define as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a 24-hour period and was logged in to a registered account. We measure log…
In our Annual Report on Form 10-K for the year ended December 31, 2025, we disclosed that we would no longer report logged-in and logged-out DAUq as of the quarter ended September 30, 2026. However, the evolution of third-party search, including the increasing use of artificial intelligence to gener…
In the three months ended September 30, 2026, global DAUq grew 12% compared to the prior year period, driven by 24% growth in DAUq in the rest of world, partially offset by a 2% decline in DAUq in the United States. Global DAUq remained flat compared to the prior quarter period, as a result of 3% gr…
In the three months ended September 30, 2026, global WAUq grew 16% compared to the prior year period, driven by 28% growth in WAUq in the rest of world. For the three months ended September 30, 2026, the proportion of DAUq to WAUq was 25%.
We monetize our business primarily through advertising on our mobile applications and website. In the nine months ended September 30, 2026, we recorded revenue of $2.4 billion, as compared to revenue of $1.5 billion for the nine months ended September 30, 2025, representing an increase of 60% compar…
相对上期删除的文字 · 来源:10-Q · 2026-07-31
During the three months ended December 31, 2023, we deployed further advances in our process used to identify and address activity by users and visitors, including web crawlers and scrapers. As we identify automated agents, we remove them from our DAUq count prospectively and do not recalculate DAUq…
Historically we monitored logged-in DAUq, which we define as a user whom we can identify with a unique identifier who has visited a page on the Reddit website, www.reddit.com, or opened a Reddit application at least once during a 24-hour period and was logged in to a registered account. We measured …
In the three months ended June 30, 2026, global DAUq grew 18% compared to the prior year period, driven by 6% growth in DAUq in the United States and 28% growth in DAUq in the rest of world. Global DAUq grew 3% compared to the prior quarter period, driven by 5% growth in DAUq in the rest of world, w…
During the three months ended December 31, 2023, we deployed further advances in our process used to identify and address activity by users and visitors, including web crawlers and scrapers. As we identify automated agents, we remove them from our WAUq count prospectively and do not recalculate WAUq…
In the three months ended June 30, 2026, global WAUq grew 24% compared to the prior year period, driven by 9% growth in WAUq in the United States and 35% growth in WAUq in the rest of world. For the three months ended June 30, 2026, the proportion of DAUq to WAUq was 25%.
市场风险(第3项)
相对上期新增的文字 · 来源:10-Q · 2026-10-30
We had cash and cash equivalents of $1.4 billion and $1.0 billion as of September 30, 2026 and December 31, 2025, respectively. We had marketable securities of $1.7 billion and $1.5 billion as of September 30, 2026 and December 31, 2025, respectively. Our cash and cash equivalents consist of cash in…
U.S. government securities, investment-grade corporate and government agency securities, time deposits, and commercial paper. Our investment policy and strategy are focused on the preservation of capital and supporting our liquidity requirements. We do not enter into investments for trading or specu…
For the three and nine months ended September 30, 2026 and 2025, the majority of our revenue and operating expenses were denominated in U.S. dollars. We therefore have not had material foreign currency risk associated with sales and cost-based activities. For the three and nine months ended Septembe…
相对上期删除的文字 · 来源:10-Q · 2026-07-31
We had cash and cash equivalents of $1.5 billion and $1.0 billion as of June 30, 2026 and December 31, 2025, respectively. We had marketable securities of $1.3 billion and $1.5 billion as of June 30, 2026 and December 31, 2025, respectively. Our cash and cash equivalents consist of cash in bank acco…
For the three and six months ended June 30, 2026 and 2025, the majority of our revenue and operating expenses were denominated in U.S. dollars. We therefore have not had material foreign currency risk associated with sales and cost-based activities. For the three and six months ended June 30, 2026 a…
风险因素
相对上期新增的文字 · 来源:10-Q · 2026-10-30
•We face intense competition from companies with greater resources and larger user bases, including large language models (“LLMs”), other artificial intelligence (“AI”) companies, and other AI features that retrieve and synthesize information.
•Declines in traffic to Reddit from internet search engines during the current quarter could continue or worsen and have a continuing negative impact on traffic to Reddit's website and application, and ultimately on our business, results of operations, financial condition, and prospects.
•The development of AI agents allowing users to access Reddit content without accessing our platform directly could harm our business.
•Unauthorized and uncompensated scraping, copying, and use of Reddit content and data could undermine our content licensing business, enable competing products, and impair our ability to protect users’ privacy and deletion choices.
•Our upcoming experiments with requiring users to log in to an account to access parts or all of Reddit's platforms, services, or content, and subsequent implementation of such logged-in requirements, could have adverse impacts on our business.
相对上期删除的文字 · 来源:10-Q · 2026-07-31
•If Redditors do not continue to contribute content or their contributions are not valuable or appealing to other Redditors, we may experience a decline in the number of Redditors accessing our products and services and in user engagement, which could result in the loss of advertisers and may harm o…
•Changes in internet search engine algorithms, user interfaces, and AI-generated search or answer features could have a negative impact on traffic for our website and, ultimately, our business, results of operations, financial condition, and prospects.
•We have a history of net losses and we may not be able to maintain profitability in the future.
•Our results of operations may fluctuate from quarter to quarter, which makes them difficult to predict.
•We have limited operating history at our current scale, and there is no assurance we will be able to continue scaling our business for future growth.
其他信息
相对上期删除的文字 · 来源:10-Q · 2026-07-31
On May 12, 2026, our Chief Operating Officer, Jennifer Wong, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 780,000 shares of our Class A common stock. The trading plan will terminate at the earlier of the exec…
On May 20, 2026, our Chief Executive Officer and Director, Steven Huffman, through a trust for which he is a trustee, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 600,000 shares of our Class A common stock. T…
如何读 10-Q 的风险因素(第 1A 项)
10-Q 的风险因素章节有三种常见形态,本页按其一分类展示:
- 指向(pointer) — 公司仅声明"无重大变化"并指向年度 10-K 的完整风险因素;本季没有自己的风险文本可对比。
- 部分更新(partial) — 公司写明"除下述外无重大变化",只更新部分风险;摘录展示的正是本季新增的内容。
- 全文重述(restated) — 本季重新给出完整风险因素。若上一季只是"指向",则无法逐段对比,本页会将其标为"本季全文重述"。
这只是对文件结构的客观描述,不构成对风险高低的判断。
数据来自 SEC EDGAR 两份申报文件的文本级对比 · 确定性计算(无 AI 生成内容)· 仅供参考 · 非投资建议