Overview

• CEO Steve Huffman confirmed that initiatives to introduce paid subreddits have been deprioritized in favor of core product development.
• The decision follows an 84 percent year-over-year increase in ad revenue, which reached $465 million last quarter.
• Reddit’s native search product now attracts 70 million weekly users while its AI-powered Reddit Answers feature has grown to 6 million weekly users.
• The company plans to expand Reddit Answers globally and integrate it more deeply into its search experience.
• A partnership with Google enables Reddit Answers to leverage the Gemini AI model and grants Google access to train its AI on Reddit content.