Reddit reported Q2 revenue of $805 million (up 61%) and net income of $253 million (up 183%), beating Wall Street expectations, but shares fell over 10% in after-hours trading after CEO Steve Huffman …
Reddit's stock fell nearly 13% in after-hours trading Thursday despite reporting Q2 revenue up 61% year-over-year to $805 million and ad revenue up 64% to $762 million, as investors worry that Google …
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 lost approximately $3.2 billion in market value after its shares fell about 9% on Wednesday following a Wall Street Journal report that the company is reconsidering whether to renew its AI data…
Reddit's evp ads monetization Roelof van Zwol admitted at Cannes that the company is "intensely debating" whether selling its community data to train OpenAI's ChatGPT and Google's Gemini undercuts the…
Reddit announced Monday that its AI-based enforcement against hate and violent content now averages under five seconds, a reduction from hours, and has increased enforcement actions by over 200% while…