AI drives Reddit towards higher revenue forecast

Reddit has beaten analyst forecasts for the second quarter of this year with revenue up by 61% to $805 million, beating Wall Street’s expectations. The company expects third-quarter revenue of $860-$870 million, well above the average analyst forecast of $829.1 million. According to Reddit, new AI features help advertisers set up and optimise campaigns. Among [&hellip The post AI drives Reddit towards higher revenue forecast appeared first on TechCentral.ie.