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Browsing: Reddits
Despite ad revenue growing 54% year-over-year, Reddit’s stock took a nosedive after the closing bell following the release of its Q3 earnings Thursday, largely due to slowed user growth and plunging referral traffic. Revenue overall grew 53% to $895 million YoY.
Michelle Marie Reynolds, the chief accounting officer of Reddit, Inc. (NYSE:RDDT), disposed of 1,265 shares of Class A Common Stock on August 20, according to a recent SEC Form 4 filing.
Reddit’s share of ChatGPT Search citations fell sharply in mid-August, according to new tracking data from Promptwatch.
Reddit boasts 443.8 million weekly users, positioning it as a significant yet underutilized B2B intent channel. Many marketing teams overlook Reddit in favor of platforms like LinkedIn, missing crucial buyer intent signals. B2B marketers have an opportunity to tap into Reddit’s vast user base for enhanced targeting and engagement.