After the bell: Reddit revenue +53% to $895M, Illumina lifts 2026 guide, Strategy books $19.5B profit on bitcoin
Three more companies reported after Thursday's close: Reddit grew revenue 53% while U.S. daily users slipped, Illumina nudged up its full-year outlook, and Strategy's bitcoin gain drove a $19.5 billion quarterly profit.
Reddit (RDDT), Illumina (ILMN) and Strategy (MSTR) released third-quarter results after Thursday’s close. Figures below are from each company’s release.
| Company | Revenue | EPS | Outlook / key item |
|---|---|---|---|
| $895M (+53%) | GAAP $1.40 | Q4 revenue $1.00B-1.03B, adj. EBITDA $480M-510M | |
| Illumina | $1.13B (+4.2%) | Non-GAAP $1.62 ($1.44 excl. tariff refunds) | 2026 revenue $4.64B-4.66B (was $4.60B-4.64B) |
| Strategy | $125.4M (-3%) | Diluted $44.75 | 848,517 BTC held as of Oct. 25 |
Reddit: daily active uniques rose 12% to 130.3 million, but U.S. users fell 2% to 50.7 million; U.S. revenue per user jumped 53% to $13.82. Adjusted EBITDA margin was 44.9%, and the company bought back $100 million of stock.
Illumina: non-GAAP EPS guidance for 2026 moved up to $5.40-5.45 from $5.30-5.40, both excluding tariff refunds.
Strategy: a $20.91 billion gain on digital assets drove net income of $19.53 billion. Year-to-date BTC Yield, the company’s own per-share bitcoin measure, is -3.7%. CFO Andrew Kang will step down on Nov. 5; Reza Virasteh takes over on Jan. 1, 2027. The STRC preferred moves to daily dividends on Nov. 1.
Why it matters: Reddit is showing it can earn more from each U.S. user even as that audience shrinks, while Strategy’s results swing with the bitcoin price rather than its software business.
Next: Friday’s regular-session moves, and Apple’s results on Nov. 2.
Sources
All content on this site is for informational purposes only and is not investment advice. You are solely responsible for your investment decisions. Past performance does not guarantee future results. Editorial & Corrections Policy