Overview
- Revenue reached $585 million versus $546 million expected, with earnings per share of $0.80 beating a $0.51 consensus.
- Fourth-quarter revenue guidance came in at $655 million to $665 million, alongside an adjusted EBITDA outlook of $275 million to $285 million.
- Global daily active uniques increased 19% to 116 million and average revenue per user rose 41%, helped by product improvements and broader translation support.
- Management highlighted AI-optimized ad tools that place contextually relevant ads in subreddit discussions, driving higher marketer spending and better targeting.
- Reddit continues licensing data to Google and OpenAI and filed suits against Perplexity AI and three others over alleged scraping, while the stock climbed more than 14%.