Reddit's stock surged 42% following a record earnings report, revealing robust growth in advertising and AI, with revenue increasing 68% to $348.4 million.
The emergence of Reddit's AI business was highlighted by a 547% revenue growth in its licensing segment, underscoring the potential of its content corpus for data training.
For the first time in nearly 20 years, Reddit reported a profit under GAAP, flipping a previous loss into a $29.9 million profit, and showing a strong margin improvement.
Daily active users rose significantly, indicating that Reddit is effectively expanding its user base, with a 47% increase to 97.2 million, leveraging machine translation for growth.
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