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Reddit surges

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.

TechCrunch on MSN · 1d

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.

Reuters on MSN · 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, 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. It’s an understatement to say that Reddit had an excellent second quarter.

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.

Engadget on MSN · 1d

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. The company has already been working on a plan to integrate its LLM-powered search into its main search feature, but CEO Steve Huffman said he wants users to think of the site as an actual search engine.

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 ...

21h

Reddit Wants to Replace Google as the Internet’s Top Search Engine. Investors Are All In

Reddit is already one of the most visited social media sites on the internet. Now the company is looking to parlay that popularity into search engine dominance. “The world and the Internet are rapidly ...

1don MSN

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 ...

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 ...

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