Jaeden Schafer

reddit is the internet and you know there if you could look at an old analogy it's like searching on google and instead of you know showing a bunch of websites they're showing a bunch of people's specific responses but they're organizing responses to questions so it's not just like

You know, in the olden days, I think you'd go on Reddit, you would ask a question, you would see a thread and you kind of read through all the comments on the thread.

But maybe some of the comments on the thread don't align with what you believe or they aren't relevant to your particular part of the question, right?

Because lots of threads on Reddit can have, you know, someone asks like four questions, then people answer different parts of that.

Maybe you only need to be answered to one part of this.

So it's really an interesting concept that they're treating the responses themselves as results and feeding you the responses that are most likely to answer your particular question.

Really cool.

So right now they said that they're also kind of looking beyond just their own platform.

They have content licensing.

They have a content licensing business, which basically lets other companies train AI models on their data.

They said that that's grown a lot.

That revenue is about, they reported that it's under Reddit's non-advertising category, which is about

I think it grew about 8% year over year to about $36 million in the fourth quarter.

And that's up 22% to $140 million for the full year.

So last year, it's $140 million that they made.

I think right now, obviously, AI is growing.

The demand for it is growing.

I think Reddit's huge kind of population.

pile of data and human conversations is just a super valuable asset.

And then I think Reddit isn't alone in thinking, you know, in trying to like rethink how AI is going to change social platforms.