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Reddit Swings to 2nd-Quarter Profit

Reddit says it's doubling down on native search as it reports its 'most profitable quarter yet'

Google might be near synonymous with online search, but Reddit believes it can take a piece of that internet traffic pie.

Wall Street Journal · 2d

Reddit Swings to Second-Quarter Profit as AI-Driven Improvements Boost Ad Revenue

Reddit’s AI-driven advertisements have helped the company draw in more business, pushing revenue up 78% to $499.6 million, said CFO Drew Vollero.

Observer · 1d

Reddit’s A.I. Tools Drive 78% Revenue Surge in Best Quarter Since IPO

Reddit’s recently launched A.I. marketing tools are already fueling strong advertising growth. In the latest quarter ended June, the social media company reported a 78 percent year-over-year revenue increase to $500 million,

Reddit, Steve Huffman

Fast Company on MSN · 1d

Reddit stock is soaring today. CEO Steve Huffman says it’s good news for humans in an AI world

You can’t have artificial intelligence without actual intelligence,' the social media boss said during a Q2 earnings call this week. Investors seem to agree.

Engadget on MSN · 2d

Reddit should be a 'go-to search engine,' Steve Huffman says

Reddit is going to be leaning even harder into search in the coming months as Steve Huffman wants the site to become a "go-to search engine."

MarketWatch on MSN · 1d

Reddit’s stock is soaring, and analysts think it has further to go

Analysts are raising their Reddit price targets and reiterating their buy ratings after the social-media platform’s better-than-expected second-quarter results.

1don MSN

Reddit surges as AI-driven ad strategy wins praise from Wall Street

Reddit's shares jumped 15% before the bell on Friday after it reported quarterly results that exceeded Street expectations, ...

1don MSN

Reddit puts its plans for paid subreddits on hold

Reddit is reversing course on its plans to put some subreddits behind a paywall, at least for now. CEO Steve Huffman said the ...

2don MSN

Reddit wants to be a search engine now

Reddit knows that it has valuable data from actual people — it’s already reached deals with big AI companies like OpenAI and ...

3don MSN

How to turn Reddit hype into real dollars, as meme-stock mania returns to markets

Opendoor, Kohl's, and Wendy's are among the new crop of meme stocks, giving their bosses a chance to turn good vibes into ...

2don MSN

Reddit revenue soars as it bets on AI and advertising

One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The ...

Reddit shares jump as much as 15% on second-quarter sales and guidance beat

Reddit's sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest ...

Reddit set to report Q2 earnings as Wall Street scrutinizes daily active user growth

Wall Street analysts tracked by Bloomberg expect Reddit to report earnings per share of $0.72, up from last year's loss per ...

22h

Reddit: Why Every AI Company Now Bows To The Front Page (Rating Upgrade)

Reddit crushed Q2 with soaring revenue, AI monetization, and user growth, but lofty valuation limits upside. Find out why ...

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