Strong Advertising Business and Internationalization Offer Room for Growth
Revenue has increased by over 60% for five consecutive quarters. The advertising business grew by 74%.
The inquiry volume at Reddit Answers increased sequentially by over 20%
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Reddit (RDDT) is an exciting candidate for new long maneuvers, although changes in Google search algorithms and fewer citations in ChatGPT chat histories are slowing down user growth. Nevertheless, with a +19% increase to 116 million daily users, there remains a strong momentum. Reddit is the third most visited website in the USA, after Amazon, with 444 million people visiting Reddit every week to share real experiences on various topics. Reddit Answers now provides AI-generated responses to questions based on this and is being integrated into the...
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