Jaeden Schafer

But he's saying, look, you don't need to overthink what, you know, scaled, quote unquote, scaled opportunities might mean.

He said this is kind of a spectrum of potential deals.

Historically, I think Reddit's ad tech team has benefited from acquiring and kind of integrating a bunch of other tech rather than building them internally.

That's just how Reddit has done it.

He said that that has helped them move and get to market faster.

It's improved their monetization a lot.

And I think a lot of those efforts are paying off.

Reddit actually said that they had $725 million in quarterly revenue.

They have $690 million of that coming from advertising.

And so I think the global daily active users is up, you know, 19% year over year.

It's at 121 million.

And the earnings per share is $1.24.

That beat expectations.

This is really important for a company that, you know, it didn't go public that long ago.

They want to show that they're still in a strong position.

A lot of people said AI is going to kill Reddit because people aren't going to go to Reddit for answers.

They're going to just ask chat GBT.

And I think they've really proven that they are still a solid competitor.

source.

They're a good place where people can go and it's very credible and get unbiased answers.