Reddit shares jump 22% as AI deals boost quarterly revenue forecast

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:Reddit on Tuesday reported its first quarterly profit and forecast fourth-quarter revenue above estimates, helped by its AI content licensing deals and strong digital advertising spending, sending its shares up 22 per cent in extended trading. Reddit's results, its third after going public in March, stoke confidence that more advertisers are turning to the platform, driven by initiatives including translation into other languages by using machine learning to tap new users. In 2025, the company

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Reddit shares jump 22% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com/ - 30.10.2024 01:09
Reddit shares jump 19% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com - 29.10.2024 23:24
Reddit shares jump 22% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com/ - 29.10.2024 23:05

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Reddit shares jump 22% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com/ - 30.10.2024 01:09
Reddit shares jump 19% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com - 29.10.2024 23:24
Reddit shares jump 22% as AI deals boost quarterly revenue forecast https://www.channelnewsasia.com/ - 29.10.2024 23:05