Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

Reddit has turned a profit for the first time as a public company

Tech - ABC News - October 30

Reddit’s Sees First-Ever Profit as Explosive User Growth and AI Tools Help it Soar

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - October 30

Reddit shares soar after company turns first-ever profit

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...

World - The Guardian - October 30

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - October 29

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - October 30

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.

Business - MarketWatch - November 15

Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.

Business - CNBC - October 30

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - October 30

Toast’s stock soars after company swings to profit and revenue beats estimates

Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.

Business - MarketWatch - November 8

Apple is trying to sell loyal iPhone users on AI tools. Here's what Apple Intelligence can do

Apple customers starting on Wednesday can go to Apple stores for sessions on Apple Intelligence — the company's suite of AI tools.

Entertainment - Los Angeles Times - October 30

Tencent posts better-than-expected 47% profit surge as games, AI tools shine

Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.

Business - CNBC - November 13

OpenAI Will Send Its Next AI to Businesses Before a Public Release

A leader in AI technology may soon make a giant leap forward, but this time, select companies will get their hands on its next-generation model before you do.

Business - Inc. - October 25

Reddit Back After Tens of Thousands of Users Report a Second Outage

Reddit users reported having problems with the site two days in a row.

Business - The New York Times - 2 days ago

Upstart’s return to ‘growth mode’ helps send the AI lending stock higher

Loan volumes picked up 43% on a sequential basis.

Business - MarketWatch - November 8

Google Maps adds AI features to help users explore and navigate the world around them

Google Maps is heading down a new road steered by artificial intelligence

Tech - ABC News - October 31

Here’s a sign that profit growth for America’s biggest companies might be about to take off

Corporate executives are dropping hints that the pace of profit growth could be poised to take off in 2025, according to a team of analysts at Bank of America Global Research.

Business - MarketWatch - October 29

Super Micro shares soar 31% after company names new auditor to help keep Nasdaq listing

Super Micro, which has been battered by bad headlines in recent weeks, said on Monday that it hired BDO as its independent auditor.

Business - CNBC - 4 days ago

Chinese autonomous-driving company Pony AI steers toward U.S. initial public offering

Software maker plans to trade on the Nasdaq under the symbol “PONY.”

Business - MarketWatch - November 15

Creator of 'suicide capsule' rejects Swiss allegation that its first user may have been strangled

The right-to-die activist behind a new “suicide capsule” says he rejects “absurd” allegations that the U.S. woman who was said to be its first user may have actually been strangled

World - ABC News - 3 days ago

Universal strikes AI data training deal, still suing AI companies for using its data

Universal Music Group inked a deal with AI startup Klay to help develop a "responsible and ethical" AI model for music.

Tech - VentureBeat - October 28

Reddit is down for many users, reports say. Here's what to know.

Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.

Spanish growth soars as Eurozone stumbles

Boosted by investment, immigration and tourism, Spain’s economy is set to record better growth than even the US

World - Financial Times - October 29

Rocket Lab stock surges almost 30% to near all-time high after company's Q3 results

Rocket Lab jumped in trading after the company reported third-quarter results.

Business - CNBC - November 13

Czech power company CEZ reports $984 million in profit in first three quarters of 2024

The Czech power company CEZ on Tuesday reported net profit of 23.4 billion Czech crowns ($984 million) in the first three quarters of the year, 6.4 billion lower than the same period last year

World - ABC News - November 12

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - October 29

Reddit has sold most of its cryptocurrency portfolio

Reddit’s proceeds from the crypto sale were $6.9 million during the quarter, according to a filing.

Business - MarketWatch - October 30

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

Tech - ABC News - October 30

ChatGPT’s AI Search Tool Is Now Available From OpenAI

OpenAI just launched its newest artificial intelligence search experience for ChatGPT. Here’s how to get the AI search update, and WIRED’s initial impressions.

Tech - Wired - October 31

Reddit’s results are on deck. Analysts expect ad strength and growth in online spending.

Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.

Business - MarketWatch - October 28

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