Reddit

Reddit's data-licensing agreements with Google and OpenAI, reportedly worth about $60m and $70m annually, expire next year, forcing the company to prove its archive remains valuable to AI customers. Baird maintains a Neutral rating and says the stock already prices in a low-end renewal outcome, while bull and base cases imply roughly $20 and $10 upside per share. Risks include nonrenewal or lower-fee, usage-based deals that would cut licensing revenue, but Reddit could extract higher fees if its real-time conversational data stays essential for AI grounding. Hedge fund interest has risen, leaving the upcoming negotiations as the key near-term catalyst for Reddit's valuation. » More on finance.yahoo.com

Reddit is pushing to monetize its dataset more aggressively and increase user engagement as AI companies and Hollywood mine the site for content and training material. The platform faces pressure to capture value from its unique user-generated content while keeping people on the site, amid broader debate over data rights and AI usage. Success will hinge on balancing revenue aims with community trust and continued user contributions. » More on economist.com

Reddit reported Q2 revenue up 61% to $804.9m, adjusted EBITDA of $342.8m (+106%) and adjusted EPS of $1.25, well above expectations. Daily active users rose 18% worldwide to 130.3m, while US DAUs declined slightly; management says user growth is a priority. Diversification issues remain: no new customer for the licensing business in the quarter and risks from Google search referrals diverting traffic away from Reddit. For Q3 management expects revenue of $860–870m and adjusted EBITDA of $385–395m; the stock rallied strongly on the announced S&P 500 inclusion. » More on finanzen.net