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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.

Cryptopolitan on MSN · 2d

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.

Wall Street Journal · 3d

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, said CFO Drew Vollero.

Reddit claims top spot as most cited domain in AI-generated answers

Forum social media platform Reddit has shared its Q2 results in a shareholder letter, announcing plans to expand and its ...

2don 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 ...

Daily Sabah14m

Rising AI search pushing media ecosystem to edge

Generative artificial intelligence assistants such as ChatGPT are reducing traffic to traditional online search engines, ...

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 ...

3don MSN

Reddit says it's doubling down on native search as it reports its 'most profitable quarter yet'

Google might be near synonymous with online search, but Reddit believes it can take a piece of that internet traffic pie.

3don MSN

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.

The Financial Express4h

‘Future adults won’t find jobs due to AI,’ Reddit user shares why her husband backed out of having kids

A viral post of Reddit shows the concerns of a 35-year-old woman over her husband scrapping plans of having a child, owing to the grim job market situation created by AI.

12hon MSN

Reddit (RDDT) Climbs 26% on Strong Earnings

We recently published 10 Stocks With Surprising Gains. Time to Sell? Reddit, Inc. (NYSE:RDDT) is one of the companies that ...

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