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AI News from ET - Reddit rallies as AI‑driven ad growth fuels strong revenue outlook

Vishwadeep Khatri
in AI News & Two Lenses

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The ‌strong results ⁠signal that ⁠the company's strategy is paying off as Reddit takes on bigger ad ​rivals such as Meta's Instagram and Facebook. Its daily active ​unique visitors grew 17% to 126.8 million in the quarter, while global average revenue per user increased by 44%.

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