Reddit Inc. reported in its Q2 earnings call that it will surface more evergreen content and integrate advertising modules into its search results, aiming to compete with online content publishers and…
Reddit Inc. shares plunged as much as 24% to $135.82 on Friday, their steepest intraday drop since the company went public in 2024, after the social media company failed to announce new data licensing…
Reddit forecast third-quarter revenue between $860 million and $870 million, above Wall Street's consensus estimate of $829.1 million, as its AI-driven advertising tools gain traction. The company's s…
Reddit has become a key data source for AI search, signing multimillion-dollar licensing deals with Google and OpenAI to train large language models on its billions of posts. COO Jen Wong stated that …
Reddit COO Jen Wong targets 1 billion users as the platform, once an internet oddity, expands its appeal and turns profitable for the first time since its 2024 IPO. With over 120 million daily users a…
Reddit announced new advertising products including Shopping List Ads and an AI-powered ad generator at the Cannes Lions festival, aiming to capitalize on its 75% ad revenue growth to over $2 billion …