Reddit posts record revenue, but AI‑driven search threatens its traffic
Reddit’s Q2 revenue jumped 61% to $805 million and net income surged 183%, beating forecasts. Yet CEO Steve Huffman warned that AI‑powered search is making referral traffic volatile, sparking investor fear and a 10% after‑hours stock dip. The shift could curb U.S. user growth and force a rethink of its data‑licensing deals.