"Reddit's leaders said they're doubling down on the platform's identity as "for humans, by humans," even as they use A.I. to help spark more authentic conversations. Between July and September, Reddit brought in $585 million in revenue, up 68 percent from the same period last year. Net income surged more than fivefold year-over-year to $163 million. The site had 116 million daily active users at the end of September."
"The company announced it's "redesigning the Reddit experience," focusing on a modern interface with advanced search capabilities. It will continue to roll out its generative A.I. tool, Reddit Answers, and new A.I. features will help users interpret rules unique to each subreddit and bring post insights to the top. Reddit said 75 million users utilized Reddit's search functionalities each week in the third quarter, with that number expected to grow."
Reddit ranked as the third most visited U.S. website, behind Google and YouTube. The platform reported $585 million in revenue between July and September, a 68 percent year-over-year increase, and net income rose to $163 million. Daily active users reached 116 million at the end of September. Reddit emphasizes a "for humans, by humans" identity while deploying A.I. tools like Reddit Answers, improved search, and features that clarify subreddit rules and surface post insights. Seventy-five million users used search each week in Q3. The company plans a modern interface and advanced search capabilities to become a true search destination.
Read at Observer
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