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Reddit surges

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 results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million, representing 93% of the company’s total revenue.

Cryptopolitan on MSN · 4h

Reddit soars after Wall Street applauds AI-powered advertising strategy

Reddit plans to expand its AI search tool globally, beyond its 12-country user base. Reddit stock climbed 15% Friday after it revealed its second-quarter results, with revenue up 78% year-over-year to about $500 million and EPS hitting $0.45, far surpassing Wall Street expectations.

Reuters · 1d

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

Reddit's shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.

Reddit Shifting Towards Search

The Verge on MSN · 1d

Reddit wants to be a search engine now

To continue to build out search, Reddit is “expanding Reddit Answers globally, integrating it more deeply into the core search experience, and making search a central feature across Reddit,” Huffman says.

TechCrunch on MSN · 1d

Reddit plans to unify its search interface as it looks to become a search engine

Reddit is working on a new unified interface that will merge its legacy search and AI-powered Q&A features, as well as make its search box more prominently visible in the app.

CNET on MSN · 22h

Reddit Shifting Towards Search as Company Wants to Become a Search Engine

It seems a natural direction for Reddit, which now has more than 70 million weekly active users on its search function and more than 6 million WAU using Reddit Answers. Huffman believes Reddit is ideally positioned in a world where people are increasingly wanting human-powered answers to searches driven by their massive amount of Reddit chats.

TalkAndroid17h

Reddit Sets Its Sights on Search Engine Status with AI Answers Push

Reddit wants to kill the Google hack. The platform officially declared its intent to become a full-fledged search engine, according to its latest Q2 ...

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 ...

1don MSN

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, ...

1don MSN

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 ...

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