The results follow bigger rival Meta's upbeat revenue, hinting at a recovering ad market. Reddit diversifies revenue through content deals with Google, OpenAI, sports leagues, driving optimism despite competition.
Reddit's Q3 revenue forecast of $290-310 million surpasses estimates. Its expanding user base and increasing ARPU showcase growth potential despite stock decline.
#reddit #revenue-forecast #advertising-market #content-licensing-deals #user-growth #stock-performance
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