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flag Reddit reports Q2 revenue up 78% to $500M, driven by AI ads and growing user base.

flag Reddit reported a 78% jump in Q2 revenue to $500 million, fueled by AI-powered advertising tools and a 21% rise in daily users to 110.4 million. flag The company is betting on AI enhancements and ad innovations to maintain growth, expecting Q3 revenue between $535-545 million. flag Reddit also aims to integrate its AI search tool, Reddit Answers, into its core search, targeting broader market penetration.

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