Reddit reports a solid quarter but shows signs of AI’s impact
- Strong results were overshadowed by AI-related traffic concerns.
- Revenue reached $805 million, up 61% year on year.
- US daily users slipped slightly despite global growth.
Reddit reported strong second-quarter results, with revenue and profit exceeding expectations and upbeat guidance for the following quarter. However, its shares fell more than 10% after hours after the company warned that search-engine referrals had become uneven, reinforcing investor concerns that AI-driven search could reduce traffic to Reddit.…
