💨 Abstract

Reddit, a discussion platform, has predicted first-quarter revenue above analyst estimates, driven by AI content licensing deals and strong digital advertising. The company's unique visitors rose by 39% to 101.7 million in Q4, and global average revenue per user increased by 23%. This growth is attributed to their conversation placement ads format and diversified revenue streams from content licensing deals with Google and OpenAI.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io