Reddit projects higher Q4 revenue as AI-driven ads boost marketing demand
Reddit projects fourth-quarter revenue exceeding Wall Street estimates, fueled by its AI-powered advertising tools that attract a wider advertiser base. The social media platform's shares rose following the optimistic forecast. Reddit's user-generated content also proves valuable for AI training data, with ongoing licensing and legal actions to protect its intellectual property.
Reddit projects fourth-quarter revenue exceeding Wall Street estimates, fueled by its AI-powered advertising tools that attract a wider advertiser base. The social media platform's shares rose following the optimistic forecast. Reddit's user-generated content also proves valuable for AI training data, with ongoing licensing and legal actions to protect its intellectual property.
