Summary

Reddit reported strong fourth-quarter sales of US$726 million, surpassing Wall Street estimates, and projected first-quarter revenue of US$595 million to US$605 million. The company announced a US$1 billion share buy-back program, its first since its 2024 IPO, driven by significant growth in its advertising business. Despite its success, Reddit continues to explore opportunities for revenue diversification, including potential licensing agreements with AI companies.

https://www.theedgesingapore.com/news/tech/reddit-projects-strong-ad-sales-authorises-share-buy-back