Reddit forecasts strong revenue on AI-driven ad strength, shares surge

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Reddit forecast third-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising driven by its artificial intelligence-powered marketing tools and sending its shares up 9 per cent in extended trading. The forecast follows bigger rival Meta's upbeat second-quarter results and strong revenue outlook on Wednesday, lifted by the Facebook and Instagram parent's core ad business. Advertisers are increasingly turning to platforms such as Reddit, Meta, and TikTok,

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Reddit forecasts strong revenue on AI-driven ad strength, shares surge https://www.channelnewsasia.com/ - 31.07.2025 23:18

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Reddit forecasts strong revenue on AI-driven ad strength, shares surge https://www.channelnewsasia.com/ - 31.07.2025 23:18