Reddit shares jump 16 percent on strong revenue forecast
Reddit shares rose 16 percent after an upbeat revenue forecast driven by AI ad tools. Daily users grew 17 percent as the firm continues to expand its workforce.
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REDDIT INC-CL A shares rose 16% in Friday morning trading after the social media platform issued a revenue forecast exceeding analyst expectations. The outlook reflects gains from AI-driven advertising tools deployed across interest-based communities in the United States and global markets. Investors are weighing Reddit's premium valuation against its ability to scale ad revenue through automated campaign management and data licensing.
