Reddit

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. » Plus sur 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. » Plus sur finanzen.net

Reddit shares climbed 12.63 percent after the company was announced before trading as being added to the S&P 500 on Tuesday, replacing AvalonBay Communities. The broader market showed slight weakness following unexpectedly weak U.S. economic data, while energy and utilities stocks were among the winners. Applied Materials fell despite strong quarterly results, and Sandisk benefited from a positive analyst rating. » Plus sur finanzen.net