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