⚡️📉 NEW - Reddit’s stock collapsed 23% after the company released its latest earnings.
The company reported a strong quarter, with $586.4 million in revenue (up 78% year over year) and $89 million in profit, beating Wall Street’s expectations.
Despite the strong results, investors were worried about slowing user growth and the growing impact of AI search tools.
Reddit said AI is changing how people find content online, making traffic from search engines more unpredictable.
The company reported a strong quarter, with $586.4 million in revenue (up 78% year over year) and $89 million in profit, beating Wall Street’s expectations.
Despite the strong results, investors were worried about slowing user growth and the growing impact of AI search tools.
Reddit said AI is changing how people find content online, making traffic from search engines more unpredictable.
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