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2 weeks agoHere's What I Got Epically Wrong About Reddit
Reddit delivered 68% revenue growth to $585M, advertising revenue rose 74% to $549M, DAUs reached 116M and ARPU increased 41%.
Publishers are picking up new vibes from Meta, which they believe signal that the platform may be changing its stance on AI licensing. So far, it's more rhetoric than reality. Nevertheless, if it were to come to fruition, it could reset the dynamic between Meta and publishers, many of whom still feel burned by years of declining referral traffic from the platform.