Reddit says its data powers artificial intelligence after strong quarter

6 articles · Updated · CNBC · Apr 30

Shares rose about 9% after hours as CEO Steve Huffman highlighted partnerships with Google and OpenAI and said capital spending was only about $1 million.
The company reported March-quarter free cash flow of $311 million, more than double a year earlier, helped by gross margins above 90% and a low-cost model focused on consumer products rather than data centres.
Earlier results showed revenue jumped 69% to $663 million, ad revenue reached $625 million, daily active users rose 17% to 126.8 million, and Reddit forecast second-quarter revenue of $715 million to $725 million.

With user growth slowing, can soaring ad revenue truly save Reddit's volatile stock?

With insider selling and FTC scrutiny, what are the hidden risks in Reddit's AI strategy?

Can Reddit's new data partnerships truly offset the threat from AI search platforms?

Reddit's stock is called both wildly overvalued and a bargain. Which is it?

As AI search dominates, is Reddit's 'human-first' content a real moat or a myth?