Reddit reported second-quarter revenue of $805 million, up 61% year-over-year, and net income of $253 million, up 183%, beating Wall Street expectations, yet shares fell over 10% in after-hours tradin…
Reddit Inc. stock plunged more than 22% on Friday, its largest intraday decline since going public, after the company's latest earnings report did not announce any new artificial intelligence data lic…
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 CEO Steve Huffman said Google's AI Overviews are not delivering value for publishers, citing that '10 blue links has driven a tremendous amount of value for the whole ecosystem' while AI Overvi…
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…