Reddit reports twice income on Thursday, and clearly that the company focused on AI is angry.
One significant investment area is to grow an advertising business, supported by a strong marketing tool. The result states that the majority of Reditated Income continues to come from advertising, bringing $ 465 million, which represents 93% of the total Reddit Income.
Last month, the company launches two new features for the advertisements: Reddit insights, tools that use multiple scarmers and comments to make discussions on product or conducting the opinions of products or brands.
The company also saw growth in the “Revenue” category, including data license – Reditit Said The Categories 24% Year-Year to $ 36.1 Million in the same Period A Year Prior.
Reddit has established the ITGENSING license agreement with the main players in AI, including Google and Operanai. Although these offers are new, the result of the second quarter indicates a steady flow of income that has a significant potential for long length for length.
AnotherI-powered AI feature is a reddit answer tool, which is launched in December. This tool, offers answers in the cartlitter interface, has attracts 6 million users per week, a very busy jump from 1 million User at the previous quarter.
In a A letter for shareholdersThe Reddit CEO Huffman says that the platform is used to join the “deeper instructions to the core search experience” so “looking for a higher feature.”