Reddit revenue soars as it bets on AI and advertising

Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up significantly.

One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million, representing 93% of Reddit’s total revenue. 

Last month, the company launched two new features for advertisers: Reddit Insights, a tool that leverages the billions of…